Recap ES gapped above Y-0 and sparked a squeeze back up to Y+1. Y+1 resistance sent ES back down to Y-0 and below. ES attempted to fill the gap below. Closed the week near Y-0 and below midpoint.
Outlook Y-0 / B-0 resistance for the completion of gap fill below. B-2 test likely results in all out sell off down to B-3.
Overview
Emini overnight range 2126.50 to 2140.00 (at 9:00 am)
Overnight Midpoint 2133.25
Previous Week Close 2120.50
Battleplan for the Day
(premium member only content below)
S&P 500 Sep 14 to Sep 18 Outlook
Lawrence’s Comment
ES gapped above Y-0 and sparked a squeeze back up to Y+1. Y+1 resistance sent ES back down to Y-0 and below. ES attempted to fill the gap below. Closed the week near Y-0 and below midpoint.
Outlook
Y-0 / B-0 resistance for the completion of gap fill below. B-2 test likely results in all out sell off down to B-3.
Share