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.
Overview
Emini overnight range 1836.25 up to 1876.00
Overnight Midpoint 1856.00
Current Week Mid 1850.00
Emini S&P is now trading at the top part of its range with a small gap ...
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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