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
The bad news for bulls materialized last week. Dow tried hard to hold every intraday support zone yet breached them all when the news of another bank trouble had ...
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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