Recap Insanity continues as ES opened the week with a significant upside gap and then sold off straight down for 1 and 1/2 days with over 40 points range. Then ES went straight up and tagged the week high. Went sideway since. Closed the week above Y-0 and midpoint.
Outlook Potential weekly level pullback completed. As long as B-0 down to Y-1 is actng as support, looking for ES to move higher to B+2.
Lawrence's Comment
Recap
Breakout to the upside and tagged target 1.40 and the next higher target of Y+3. Euro has now come back in full circle back to the price level ...
Lawrence's Comment
Recap
Affected by the other 2 indices, NQ was pulled down quickly towards Y-0 which induced a flush down to its open gap below from the prior week. Drifted higher ...
Lawrence's Comment
Recap
The thin up channel broken to the downside from a FBO against Y+1. Almost tagged Y-2 target mentioned last week. Easiest play of the week. Closed the week near ...
S&P 500 Mar 04 to Mar 08 Outlook
Lawrence’s Comment
Insanity continues as ES opened the week with a significant upside gap and then sold off straight down for 1 and 1/2 days with over 40 points range. Then ES went straight up and tagged the week high. Went sideway since. Closed the week above Y-0 and midpoint.
Outlook
Potential weekly level pullback completed. As long as B-0 down to Y-1 is actng as support, looking for ES to move higher to B+2.
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