Lawrence's Comment
Recap
Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning ...
Lawrence's Comment
Recap
ES simply gapped through the Y+1 resistance mentioned last week. Signature PPT activities detected overnight there. The gap thru led to a strong squeeze up to the crime scene ...
Lawrence's Comment
Recap
The funniest pair last week. Got the upside breakout above Y+1 which invalidated the bearish potential. Then above turn back down to almost Y-1, even printed a ...
Lawrence's Comment
Recap
Gap down to start the week with a test of Y-1. Y-1 rejected decisively led to a run towards the resistance zone mentioned last week. Spent most of the ...
S&P 500 Feb 13 to Feb 17 Outlook
Lawrence’s Comment
Consolidated around Y+1. Less than 50% range of week prior to last. Closed the week below Y+1 and midpoint.
Outlook
ES is weaker than NQ. It is structurally much weaker in comparison.
As long as B-0 acts as resistance, ES should go back down to B-2.
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