Recap ES dropped back to Y-0 as expected. The breakdown scenario also unfolded right after. ES found support after testing the swing low on daily. Closed the week near Y-1 and below midpoint.
Outlook Wide range selloff week right after a week of extreme gain likely scare off / cleaned out many traders this week. Consolidation is likely with strong resistance at B-0.
Lawrence's Comment
Recap
Just like NQ, ES gave us a surprise run to challenge its year high early in the week. The interesting development, however, was that it developed a bearish ...
Lawrence's Comment
Recap
Got the retest of the bottom at Y-2. It acted as support and gave us the rally as expected. Closed the week near Y-0 and week high.
Outlook
More ...
S&P 500 Mar 30 to Apr 03 Outlook
Lawrence’s Comment
ES dropped back to Y-0 as expected. The breakdown scenario also unfolded right after. ES found support after testing the swing low on daily. Closed the week near Y-1 and below midpoint.
Outlook
Wide range selloff week right after a week of extreme gain likely scare off / cleaned out many traders this week. Consolidation is likely with strong resistance at B-0.
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