Recap No real direction after a week of extreme trend buy days countering the overnight weaknesses. Consolidation / backfill actions waiting for the next news shock. Closed the week below Y-0 and midpoint.
Outlook FOMC announcement crime scene not tagged so far and a breakdown below Y-1 points to a rush towards that target. Difficult week ahead due to FOMC special meeting on Monday may set the tone for the week.
Lawrence's Comment
Recap
No consolidation below the resistance zone. Instead zoomed thru and triggered Y+2 target. Tagged that by end of week. Closed the week below Y+2 and near week high.
Outlook
The accelerated ...
S&P 500 Apr 11 to Apr 15 Outlook
Lawrence’s Comment
No real direction after a week of extreme trend buy days countering the overnight weaknesses. Consolidation / backfill actions waiting for the next news shock. Closed the week below Y-0 and midpoint.
Outlook
FOMC announcement crime scene not tagged so far and a breakdown below Y-1 points to a rush towards that target. Difficult week ahead due to FOMC special meeting on Monday may set the tone for the week.
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