Recap ES flushed down to the downside target area and bounced quickly back up to above Y-1. That staged the rally back up to challenge the open gap above. Closed the week at week high and above Y-1.
Outlook Potential whiplash break down in play. As long as ES failed to go above Y-0 / B+2 early in the week, continuation sell off will take ES back down to B-1 and likely much lower.
Lawrence's Comment
Recap
As expected NQ is not as bearish as it looked. The weaknesses from the week before last disappeared at the start of past week. That turned the ...
Lawrence's Comment Recap As expected NQ is not as bearish as it looked. The weaknesses from the week before last disappeared at the start of past week. That turned the ...READ MORE
S&P 500 Aug 26 to Aug 30 Outlook
Lawrence’s Comment
ES flushed down to the downside target area and bounced quickly back up to above Y-1. That staged the rally back up to challenge the open gap above. Closed the week at week high and above Y-1.
Outlook
Potential whiplash break down in play. As long as ES failed to go above Y-0 / B+2 early in the week, continuation sell off will take ES back down to B-1 and likely much lower.
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