Recap Just like Dow, ES opened and flushed down to the void zone below 2050 first thing in the week. Down side target used up and the buying immediately lifted ES back up to Y+1 in a near straight line. ECB news shocked ES down to the midpoint of the week at the time. ES completed its normal NFP play by Friday. Closed the week above Y+1 and midpoint.
Outlook Outside week with 30 points range. Pullback is due with B-0 down to 2060 support likely.
S&P 500 Dec 08 to Dec 12 Outlook
Lawrence’s Comment
Just like Dow, ES opened and flushed down to the void zone below 2050 first thing in the week. Down side target used up and the buying immediately lifted ES back up to Y+1 in a near straight line. ECB news shocked ES down to the midpoint of the week at the time. ES completed its normal NFP play by Friday. Closed the week above Y+1 and midpoint.
Outlook
Outside week with 30 points range. Pullback is due with B-0 down to 2060 support likely.
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