Recap Previous week close support sent ES back up to challenge week high so far. Gap above allowed for Y+1 breakout. Closed the week above Y+1 and midpoint.
Outlook B+1 resistance will send ES back down to B-0. Weekly close below Y+1 is FBO on daily ledge which in turns point to Y-1 and below in play.
Lawrence's Comment
Recap
Stayed strong since beginning of the week and zoomed to almost tagging my target of Y+2. Closed the week near Y+1 and midpoint.
Outlook
Last week was a variation of consolidation ...
Lawrence's Comment
Recap
Breached Y-1 to the downside as expected. News shock after sent shorts scrambling to cover. 100% range expansion and stalled. Held Y-0 as support. Closed the week ...
Recap of Last Week As expected, range contracted significantly to just 50% of the prior week. A new low is printed without expansion into 50% downside expansion target zone ...
S&P 500 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Previous week close support sent ES back up to challenge week high so far. Gap above allowed for Y+1 breakout. Closed the week above Y+1 and midpoint.
Outlook
B+1 resistance will send ES back down to B-0. Weekly close below Y+1 is FBO on daily ledge which in turns point to Y-1 and below in play.
Share