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Lawrence's Comment Recap First move in the week caught me by surprise - zoomed to Y+2 first before stalling back down to Y-1. Closed the week near week low. Outlook Last week ...READ MOREESNQAH High3115.258317.75AH Mid3111.638305.00AH Low3108.008292.25READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap The expected retest of Y-0 gave us a zoom up to above Y+1. But the new high was rejected at once. Another move towards Y-0 was resulted. Closed the ...READ MORE
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S&P 500 Apr 21 to Apr 25 Outlook
Lawrence’s Comment
Bearish weaknesses persisted in the beginning of the week yet Y-1 was never challenged even though ES sold off from Y-0 quickly. 2nd challenge at Y-0 from below cleared the resistance and gave us a breakout of 100% the double bottom range. Closed the week above Y-0 and near week high.
Outlook
Inside week. Wide range week. Very unusual combination. As long as B+1 not cleared OR failed to hold as support after a breakout to the upside, a drop back down to B-0 is likely.
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