This is a simple walk-thru of what happened during the day on Feb 27, 2014 on Emini S&P. It illustrates a way to utilize data from multiple timeframes to identify ...
Lawrence's Comment
Recap
Strong reactions around Y-1. 100% absolute range expansion capped the moves. Closed the week below Y-1 and midpoint.
Outlook
Y+1 now important resistance to clear to confirm weekly pullback ...
Overview
Emini overnight range 2180.00 to 2185.75 (at 9:00 am)
Overnight Midpoint 2183.00
Previous Week Close 2180.00
Battleplan for the Day
(premium member only content below)
S&P 500 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Looks almost exactly like Dow. See Dow comments for recap.
Outlook
Bullish scenario – if Y-1 acts as support, we get B+2.
Bearish scenario – measured move target from week low reached at B+1, a selloff to below B-0 is more likely than the bullish case.
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