Recap Monday gapped below critical support which then turned into resistance. Trend sell all week until 200% aboslute range expansion was reached. Closed the week below Y-5 and at week low.
Outlook A quick drop below B-1 and snap back up above B-1 will give us a bounce back up to Y-5 / B-0. From there we will see if selling would resume.
Lawrence's Comment
Recap
Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led ...
Lawrence's Comment
Recap
Expectation of open gap below to be filled has materialized. Took multiple steps of decline to get the job done. Closed the week below Y-2 and midpoint.
Outlook
Structure ...
S&P 500 Jan 11 to Jan 15 Outlook
Lawrence’s Comment
Monday gapped below critical support which then turned into resistance. Trend sell all week until 200% aboslute range expansion was reached. Closed the week below Y-5 and at week low.
Outlook
A quick drop below B-1 and snap back up above B-1 will give us a bounce back up to Y-5 / B-0. From there we will see if selling would resume.
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