Recap Similar to Dow, ES was having its consolidation week. Traded equal distance from its open. Closed the week above Y+1 and near week high.
Outlook B+1 resistance points to at least retest of B-1 and likely below B-2. It is not necessary an important top, just that the price distribution needs some re-balance before ES can decide which way to go.
Lawrence's Comment
Recap
Compression within Y-1 / Y-0 initially as expectation. Fake out on both ends as expected too. End of week collapse sent cable down to normal Y-2 downside target. Closed ...
Lawrence's Comment
Recap
Pulled back to Y-1 as expected and rallied off there back to Y+1. Still the most predictable pair among the majors. Closed the week near week high.
Outlook
Summer ...
Overview
Emini overnight range 2040.75 up to 2060.25 (at 9:00 am)
Overnight Midpoint 2050.50
Previous Week Close 2058.75
Emini S&P is now trading at the bottom part of its range with ...
S&P 500 Sep 01 to Sep 05 Outlook
Lawrence’s Comment
Similar to Dow, ES was having its consolidation week. Traded equal distance from its open. Closed the week above Y+1 and near week high.
Outlook
B+1 resistance points to at least retest of B-1 and likely below B-2. It is not necessary an important top, just that the price distribution needs some re-balance before ES can decide which way to go.
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