Recap First significant selloff this year. Took multiple try to flush ES yet it only dropped out 100% absolute range expansion and price already bounces back at once. Closed the week below midpoint and above Y-1.
Outlook If B-0 acting as resistance, we should get at least one flush back down to B-1. Unlike Dow, NQ and ES both are well below March high so they are exposed to the structural targets below. e.g. March low, 1st quarter mid, etc.
Overview
Emini overnight range 2180.25 to 2187.00 (at 9:00 am)
Overnight Midpoint 2183.50
Previous Week Close 2180.00
Battleplan for the Day
(premium member only content below)
S&P 500 Apr 22 to Apr 26 Outlook
Lawrence’s Comment
First significant selloff this year. Took multiple try to flush ES yet it only dropped out 100% absolute range expansion and price already bounces back at once. Closed the week below midpoint and above Y-1.
Outlook
If B-0 acting as resistance, we should get at least one flush back down to B-1. Unlike Dow, NQ and ES both are well below March high so they are exposed to the structural targets below. e.g. March low, 1st quarter mid, etc.
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