S&P 500 Mar 28 to Apr 01 Outlook

By News Robot


Lawrence’s Comment

Recap
Unlike NQ, ES ended last week without filling the gap above completely. ES was the weaker one. The rally was a controlled one because by the end of the week, B-0 turned out to be right above the range of first half of the week.

Outlook
As long as B-0 acts as support, the daily level down trend is now completely broken. It is not necessary for the market to rally quickly to the upside from this point onward. It can simply drift up or going sideway for several weeks.

Share

  • You must be logged in to comment. Log in