Lawrence's Comment
Recap
ES broken out of the thin up channel but it did not result in a pullback. The week turned into consolidation. Closed the week above Y+1 and midpoint.
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Lawrence's Comment
Recap
As expected, the FBO mentioned last week gave us a drop back down to Y-0 and then Y-1. That turned Y-0 into strong resistance. Retest of Y-0 failed. ES ...
Very volatile actions … tick indices oversold quickly and a bounce.
PP tagged, next is day high.
Someone fired off a buy program across the board.