Recap Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. Closed the week below Y-2 and midpoint.
Outlook More downside is expected but not necessary directional drop. Potential hard squeeze back up to Y-1 / B-0 that can be followed by immediate sell off back down to B-1 and below. Not easy time for swing traders but definitely great day trading opportunities ahead.
Lawrence's Comment
Recap
Y-1 holds and news shock from Japan forced the continuation rally to resume. Tagged Y+2. Closed the week near the high of the week.
Outlook
Support zone confirmed. Continue ...
Lawrence's Comment
Recap
With the backdrop of government intervention, dollar yen is showing the strongest persistencies in its uptrend. After the shock sending the pair down to Y-0, it bounced off ...
Lawrence's Comment
Recap
Zoomed higher in early part of the week due to rumors. Once Y+1 area failed to hold this market up, it slided back down to the strong ...
S&P 500 Sep 15 to Sep 19 Outlook
Lawrence’s Comment
Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. Closed the week below Y-2 and midpoint.
Outlook
More downside is expected but not necessary directional drop. Potential hard squeeze back up to Y-1 / B-0 that can be followed by immediate sell off back down to B-1 and below. Not easy time for swing traders but definitely great day trading opportunities ahead.
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