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.
Recap of last week Did not mention USDCAD in past few weeks because it is in a tight range consolidation. Not much actions with this pair until the end ...
Lawrence's Comment
Recap
Y-1 / Y-0 zone defended early in the week points to a test of Y+1 coming. Y+1 cleared with ease and ended the daily down trend. Normal upside target ...
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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