Outlook Wide range week with exhaustion signs often points to inside week to follow. So normal expectation here is that ES will be trapped between Y+3 down to Y+1 with slight bearish bias.
Again, is bearish bias allowed in this environment? LOL.
Review of Forecast for May 18, 2015
The expectation of limited upside was correct. In fact, all week consolidation. The potential of starting a strong decline was not confirmed yet. The ...
Lawrence's Comment
Recap
A dramatic week. Failed to push above Y-0 and flushed through Y-1 quickly. Y-2 acted as support temporarily and then flushed down to new low above Y-3. ...
S&P 500 May 20 to May 24 Outlook
Lawrence’s Comment
See Dow comments for more info.
Outlook
Wide range week with exhaustion signs often points to inside week to follow. So normal expectation here is that ES will be trapped between Y+3 down to Y+1 with slight bearish bias.
Again, is bearish bias allowed in this environment? LOL.
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