Trading Edges That Last
- You May Also LikeESNQAH High3153.508926.25AH Mid3142.758889.38AH Low3132.008852.50READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
Lawrence's Comment Recap Y-1 breached early in the week but did not act as resistance. That is the early signs of strength. Couple that with the spike low is 100% ...READ MOREThe market internal updates is turning into a monthly update ... First I was told that I need to post the chart here so that there is a reference to what ...READ MORE
As Featured In
S&P 500 Jun 22 to Jun 26 Outlook
Lawrence’s Comment
ES FBO against Y-1 forced a run back up to Y-0. Y-0 resistance dropped ES back down to neckline of 1-2-3 buy on 30-min. ES rallied from that support and took out Y+1. 1-2-3 sell from Y+1 dropped ES back down. Closed the week above Y-0 and midpoint.
Outlook
Outside week closing back down near mid zone means indecision. The expanded range simply implies there are more players getting involved and trapped in both directions. Y-0 / B-0 strong support for a test of Y+1 / B+1 zone. Breakout above will send ES up to Y+2 / B+2 quickly.
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