Recap Y-0 support sent ES up to Y+1 and cleared it easily. This opened the door to Y+2. Y+2 tagged and pullback started. 3 pushes down into Friday and held the previous week close. Closed the week above Y+1 and near midpoint.
Outlook 3 pushes down is a pullback pattern which points to potential test of B+1 in the making. If ES fails to clear B+1, whiplash play with B-1 in the card.
Lawrence's Comment
Recap
A mess produced from a mess. ES simply followed Dow and NQ the whole week. Gaps up and down through the week due to news shock from Europe. As ...
Lawrence's Comment
Recap
As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above ...
S&P 500 Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Y-0 support sent ES up to Y+1 and cleared it easily. This opened the door to Y+2. Y+2 tagged and pullback started. 3 pushes down into Friday and held the previous week close. Closed the week above Y+1 and near midpoint.
Outlook
3 pushes down is a pullback pattern which points to potential test of B+1 in the making. If ES fails to clear B+1, whiplash play with B-1 in the card.
Share