Recap Monday and Tuesday consolidated as expected. Then we got the selloff midweek in afterhours between Wednesday and Thursday. Since then ES rally all the way back up to print a slightly higher high on Friday before pulling back down again. Closed the week at midpoint and above Y-0.
Outlook Inside week.
B-2 and B-3 is likely if ES cannot stay above B-0.
As long as B-1 not breached when B+1 is taken out, looking for B+2.
Lawrence's Comment
Recap
As expected sold off from our resistance area. Better yet it dropped more than the minimal target to below Y-2 clearing the way to tag Y-3. Closed the ...
Lawrence's Comment
Recap
As expected, more upside resulted. Almost made it to 100% absolute range expansion. That is a very impressive push towards 13000.
Outlook
The rally is in melt up style implying ...
S&P 500 Sep 24 to Sep 28 Outlook
Lawrence’s Comment
Monday and Tuesday consolidated as expected. Then we got the selloff midweek in afterhours between Wednesday and Thursday. Since then ES rally all the way back up to print a slightly higher high on Friday before pulling back down again. Closed the week at midpoint and above Y-0.
Outlook
Inside week.
B-2 and B-3 is likely if ES cannot stay above B-0.
As long as B-1 not breached when B+1 is taken out, looking for B+2.
In another words, breakout play again.
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