Recap S&P followed the path of Dow instead of what its price pattern suggested. Clear signs that shorts are squeezed and forced to give up. Closed the week above Y+1 and midpoint.
Outlook Outside week with strong close points to more upside.
B+1 acting as resistance will give us a quick flush back down to Y+1.
Recap of last week Hit sell target zone (red zone) then started a choppy run towards the resistance area (yellow zone). Boring but easy trading - always a good ...
S&P 500 Mar 10 to Mar 14 Outlook
Lawrence’s Comment
S&P followed the path of Dow instead of what its price pattern suggested. Clear signs that shorts are squeezed and forced to give up. Closed the week above Y+1 and midpoint.
Outlook
Outside week with strong close points to more upside.
B+1 acting as resistance will give us a quick flush back down to Y+1.
1900 above is easy target once B+1 is cleared.
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