Trading Edges That Last
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Lawrence's Comment Recap Consolidation as expected with a very thin up channel in place all week. Spike breaks of the channel all failed throughout the week. Closed the week near Y+1 and ...READ MOREIntraday Cycle Projection (ES) 2011-08-123DP Odds Table (ES) 2011-09-08Real-time Commentaries 2018-5-24Precog Vision – US Indices 2019-12-183DP Odds Table (SPY) 2022-11-223DP Odds Table (SPY) 2021-09-093DP Odds Table (ES) 2014-06-12GBPUSD Jul 31 to Aug 04 Outlook3DP Odds Table (SPY) 2014-07-23Nasdaq 100 Nov 02 to Nov 06 Outlook
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S&P 500 Aug 03 to Aug 07 Outlook
Lawrence’s Comment
ES gap lower to start the week from long term support zone where the major open gaps are. ES found support there and launched a rally straight back up to previous week midpoint to welcome the FOMC announcement. ES struggled since in consolidation around Y-0. Closed the week near Y-0 and above midpoint.
Outlook
Indecision after FOMC meeting means there is a fight to be carried out this week. Until we see a clear trend develops on 30-min, this week may ended up being a normal summer tight range week.
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