Recap ES sold off as expected from slightly higher high above Y+1. What was not expected was that Y-2 was not tagged. Closed the week below midpoint and Y-0
Outlook Outside down week. Closed within previous week range though. So not as bearish as NQ. Ran back up to near B-0 due to clear PPT activities.
As long as B-0 / gap fill acts as resistance, more downside is expected.
Lawrence's Comment
Recap
ES did not flush lower hence produced a bounce weaker than expected and failed to tag the pullback minimal target. News shock selling dropped ES lower again to another ...
S&P 500 Apr 08 to Apr 12 Outlook
Lawrence’s Comment
ES sold off as expected from slightly higher high above Y+1. What was not expected was that Y-2 was not tagged. Closed the week below midpoint and Y-0
Outlook
Outside down week. Closed within previous week range though. So not as bearish as NQ. Ran back up to near B-0 due to clear PPT activities.
As long as B-0 / gap fill acts as resistance, more downside is expected.
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