Recap A weak version of what happened to Dow. 50% previous week range. Closed the week at Y+1 / previous week close and below midpoint.
Outlook If we are getting a spike reversal here for real, we need ES to close on daily basis below B-1 quickly. That will open the door to a flush back down to below B-3.
Without a strong down move to trigger more selling, I do not expect significant swings to happen this coming week as volume dry up during the holiday season.
There are all sorts of myths and wrong understandings about the Emini S&P gaps being spread everywhere in the trading world. Without careful study of the gaps, many traders choose ...
Lawrence's Comment
Recap
Opened the week below Y-1 and struggled around Y-1 since. By end of the week, cable can no longer hold the price level and flushed down to almost Y-2. ...
S&P 500 Dec 02 to Dec 06 Outlook
Lawrence’s Comment
A weak version of what happened to Dow. 50% previous week range. Closed the week at Y+1 / previous week close and below midpoint.
Outlook
If we are getting a spike reversal here for real, we need ES to close on daily basis below B-1 quickly. That will open the door to a flush back down to below B-3.
Without a strong down move to trigger more selling, I do not expect significant swings to happen this coming week as volume dry up during the holiday season.
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