Lawrence’s Comment
Recap 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.
Share
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.
Share