Overview
Emini overnight range 1829.25 up to 1878.50
Overnight Midpoint 1854.00
Previous Week Low 1849.25
Emini S&P is now trading at the bottom part of its range with gap up of ...
Lawrence's Comment
Recap
Strong gap down produced as squeeze straight back up in the beginning of the week. Yet Y+1 was not cleared. Failure to clear Y+1 gave us a test of ...
S&P 500 Mar 26 to Mar 30 Outlook
Lawrence’s Comment
FBO in the beginning of the week triggered the bearish scenario. Pullback to Y-0 as mentioned last week. Closed the week near week mid.
Outlook
Overall weekly uptrend intact. A retest of B-1 is possible but not necessary for ES to go higher to retest B+1.
The less likely scenario of breaking below B-1 will give us B-2 and the gap below quickly.
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