Recap ES tight range consolidation around previous week close until Friday. Gap down to Y-1 led to breakdown move with Y-3 target tagged. Closed the week below Y-3 and near week low.
Outlook More downside is expected. Strong bounce back to Y-2 or even Y-1 is reasonable.
Lawrence's Comment
Recap
Went higher as expected. Tagged minimal upside target of Y+2 and then just stuck there. Closed the week near week high.
Outlook
If no news shock this weekend, NQ ...
Overview
Emini overnight range 1836.25 up to 1876.00
Overnight Midpoint 1856.00
Current Week Mid 1850.00
Emini S&P is now trading at the top part of its range with a small gap ...
Lawrence's Comment
Recap
Spike low against Y-1 as mentioned last week points to a retest of Y+1. Got the retest and stronger reaction this time sent ninja back down to below Y-0. ...
S&P 500 Sep 12 to Sep 16 Outlook
Lawrence’s Comment
ES tight range consolidation around previous week close until Friday. Gap down to Y-1 led to breakdown move with Y-3 target tagged. Closed the week below Y-3 and near week low.
Outlook
More downside is expected. Strong bounce back to Y-2 or even Y-1 is reasonable.
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