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.
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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