Recap ES followed Dow to tag Y+2 before a more serious pullback materialized. Premium members were informed about the reversal well ahead of time. Closed the week near Y+1 and midpoint.
Outlook FBO against Y+1 potential but not confirmed yet. Usually the winning side can be determined from Monday closing. As long as Y+1 / B+1 zone acting as resistance, a drop to Y-0 and below is likely.
Lawrence's Comment
Recap
Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near ...
S&P 500 Apr 25 to Apr 29 Outlook
Lawrence’s Comment
ES followed Dow to tag Y+2 before a more serious pullback materialized. Premium members were informed about the reversal well ahead of time. Closed the week near Y+1 and midpoint.
Outlook
FBO against Y+1 potential but not confirmed yet. Usually the winning side can be determined from Monday closing. As long as Y+1 / B+1 zone acting as resistance, a drop to Y-0 and below is likely.
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