Recap ES was capped in the beginning of the week for 3 days even when Euro zone b.s. its way out. But Fed announcement changed everything. A hard squeeze on the shorts sending ES up to 100% absolute range expansion target before it stalled. Closed the week at Y+2.
Outlook Option expiration week with 2 surprises happened last week, is set to go lower by Friday.
Monday and Tusday may just consolidate around B+1.
Lawrence's Comment
Recap
Another easy play for the week. Dropped to Y-1 as expected. consolidated between Y-0 and Y-1. Dropped further down to 100% expansion of the consolidation. Closed the week near ...
S&P 500 Sep 17 to Sep 21 Outlook
Lawrence’s Comment
ES was capped in the beginning of the week for 3 days even when Euro zone b.s. its way out. But Fed announcement changed everything. A hard squeeze on the shorts sending ES up to 100% absolute range expansion target before it stalled. Closed the week at Y+2.
Outlook
Option expiration week with 2 surprises happened last week, is set to go lower by Friday.
Monday and Tusday may just consolidate around B+1.
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