Recap Bullish consolidation until news shock hit. ES chooses to go higher and zoomed 100% of the range before the news. Closed the week above Y+1 and near week high.
Outlook Still news driven environment with Monday’s Europe issues and then later in the week Fed minutes release. On top of that we have option expiration. Expect more than usual big intraday swings.
Lawrence's Comment
Recap
Gap down with Dow but testing the Y-0 zone only. Rallied since upto 100% absolute range expansion. As mentioned last week, we need a decisive break above Y+1 for ...
Lawrence's Comment
Recap
Did not get a flush on MOnday so the bounce was also weak. News shock from various fronts sent Dow lower and eventually breaking the psychological support at 16000 ...
S&P 500 Feb 16 to Feb 20 Outlook
Lawrence’s Comment
Bullish consolidation until news shock hit. ES chooses to go higher and zoomed 100% of the range before the news. Closed the week above Y+1 and near week high.
Outlook
Still news driven environment with Monday’s Europe issues and then later in the week Fed minutes release. On top of that we have option expiration. Expect more than usual big intraday swings.
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