Recap Similar to Dow, ES simply dropped as expected. After clearing Y-3, ES found support and bounced. ES rallied all the way up until Friday. Closed the week below Y-1 and above midpoint.
Outlook As long as Y-1 / B+1 not breached, ES is likely to go lower into end of October.
Lawrence's Comment
Recap
Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it ...
Lawrence's Comment
Recap
NQ test of downside target as expected and sparked a strong rally off the support. Follow thru actions pushed NQ back up above normal reversal target Y-0. Closed the ...
Lawrence's Comment
Recap
As expected, failed to breakout above Y+1 and dropped back down to Y-0. Closed the week at midpoint.
Outlook
Intervention effect from the central banks takes time to be ...
S&P 500 Oct 20 to Oct 24 Outlook
Lawrence’s Comment
Similar to Dow, ES simply dropped as expected. After clearing Y-3, ES found support and bounced. ES rallied all the way up until Friday. Closed the week below Y-1 and above midpoint.
Outlook
As long as Y-1 / B+1 not breached, ES is likely to go lower into end of October.
Share