Recap Y-0 failed to act as support right from the start of the week. Dropped to Y-1 since and then breakdown to Y-2. Closed the week below Y-2 and near week low.
Outlook 2000 strong support zone for longer term swing bottom. Volatility can flush ES lower first though before it snap back up.
Lawrence's Comment
Recap
Y-1 holds gave us a push for Y+1 and above. Consolidation around Y+1 after 100% absolute range expansion. Closed the week above Y+1 and near week high.
Outlook
4 ...
S&P 500 Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Y-0 failed to act as support right from the start of the week. Dropped to Y-1 since and then breakdown to Y-2. Closed the week below Y-2 and near week low.
Outlook
2000 strong support zone for longer term swing bottom. Volatility can flush ES lower first though before it snap back up.
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