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
Similar to Dow, false breakout to the upside early in the week leading to test of Y-1. Bounced fiercely into NFP then double slam down by euro ...
Overview
Emini overnight range 2063.50 up to 2076.00 (at 9:00 am)
Overnight Midpoint 2069.75
Previous Week Mid 2085.25
Emini S&P is now trading at the bottom part of its range with ...
Lawrence's Comment
Recap
Got the FBO against Y+1 mentioned last week. Tagged Y-3 as expected. The easiest play last week. Closed the week near week low and above Y-3.
Outlook
As long as B-0 ...
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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