Recap ES holding up around Y+1 first half of the week. Since then breakout of the tight range to the upside. Y+2 tagged and produced a pause. Closed the week near Y+3 and week high.
Lawrence's Comment
Recap
Similar to Dow, the bear trap built on Monday caught many bears by surprise and forced them to give up. The gap above, however, capped the rally. Bounced ...
S&P 500 Oct 26 to Oct 30 Outlook
Lawrence’s Comment
ES holding up around Y+1 first half of the week. Since then breakout of the tight range to the upside. Y+2 tagged and produced a pause. Closed the week near Y+3 and week high.
Outlook
B+1 resistance will give us Y+2 / B-0.
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