Recap ES pushed higher as expected. Month end bias kicked in on Thursday and Friday following the usual month end script. Closed the week above Y-0 and near week low.
Outlook All week consolidation with no strong push in either direction tells us that ES absorbed the daily up move very well. Y-0 / B-1 now support for more upside this coming NFP week.
S&P 500 Mar 02 to Mar 06 Outlook
Lawrence’s Comment
ES pushed higher as expected. Month end bias kicked in on Thursday and Friday following the usual month end script. Closed the week above Y-0 and near week low.
Outlook
All week consolidation with no strong push in either direction tells us that ES absorbed the daily up move very well. Y-0 / B-1 now support for more upside this coming NFP week.
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