S&P 500 Sep 08 to Sep 12 Outlook

By News Robot

Lawrence’s Comment

Recap
3 pushes up into Y+2 resistance, signalled clean drop to Y-1. Got the drop and found support. ES bounced back up after news about Ukraine was fed out at the critical moment with some help from some special algos. Closed the week above Y+1 and midpoint.

Outlook
Unusual price pattern in the making. Strong close does not imply retest of B+1 potential because of the rare combination. A test of B+1 that fails to push higher or an outright break of B-0 points to retest of B-1.

Expecting more 2-way wild swings intraday instead of multiple days slow swings.

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