Recap Pullback to support zone mentioned last week. That held up well and sent ES striaght up to Y+1. FOMC announcement induced volatility and ended up resolving to the upside. Closed the week near Y+1 and midpoint.
Outlook Topping below B+1 points to potential breakdown below B-1.
S&P 500 Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Pullback to support zone mentioned last week. That held up well and sent ES striaght up to Y+1. FOMC announcement induced volatility and ended up resolving to the upside. Closed the week near Y+1 and midpoint.
Outlook
Topping below B+1 points to potential breakdown below B-1.
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