Recap A wild turnaround Monday followed by total collapse Tuesday. Tagged Y-2 as expected. Then fighted to stay within 100% absolute range expansion and above 1400 multiple times. Closed the week above Y-2 and below midpoint.
Outlook A very dirty bottom if ES starts to rally from here. Well, the top at Y+1 was also a dirty top. Maybe the bulls and the bears will just call that even.
See Dow comment for outlook.
Very likely a rally to B+1 within these 2 weeks. B+2 will likely cap any rally and force ES back down to challenge B-1 again.
Lawrence's Comment
Recap
Amazingly efficient NQ tested Y-0 first thing in the week and the selloff started. Target zone Y-2 was tagged quickly and the rest of the week was the ...
Lawrence's Comment
Recap
Loonie reacted the same way like the other majors to the FOMC announcement last week. Break down from the daily up trend tagged normal sell off target of Y-2. ...
S&P 500 Oct 29 to Nov 02 Outlook
Lawrence’s Comment
A wild turnaround Monday followed by total collapse Tuesday. Tagged Y-2 as expected. Then fighted to stay within 100% absolute range expansion and above 1400 multiple times. Closed the week above Y-2 and below midpoint.
Outlook
A very dirty bottom if ES starts to rally from here. Well, the top at Y+1 was also a dirty top. Maybe the bulls and the bears will just call that even.
See Dow comment for outlook.
Very likely a rally to B+1 within these 2 weeks. B+2 will likely cap any rally and force ES back down to challenge B-1 again.
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