Recap The bullish reversal scenario happened. Cleared Y+1 quickly but failed to close above. Closed the week above Y-0 and midpoint.
Outlook In order to continue matching higher, ES must hold Y-0 / B-0 support. A consolidation week where ES stuck inbetween Y+1 and Y-0 will be likely and it is one of the bullish scenarios going forward.
Lawrence's Comment
Recap
Another pair that started out with a quiet week led to an explosive upside stop run. Closed the week near Y+1 and above midpoint.
Outlook
2nd time spike higher trying to ...
Lawrence's Comment
Recap
Cable simply flushed from the start of the week and breached Y-1 in 1 go. That set up the pair to drop down to Y-2 and below. Cable resumed ...
S&P 500 Feb 09 to Feb 13 Outlook
Lawrence’s Comment
The bullish reversal scenario happened. Cleared Y+1 quickly but failed to close above. Closed the week above Y-0 and midpoint.
Outlook
In order to continue matching higher, ES must hold Y-0 / B-0 support. A consolidation week where ES stuck inbetween Y+1 and Y-0 will be likely and it is one of the bullish scenarios going forward.
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