Trading Edges That Last
- You May Also LikeESNQAH High2110.254477.50AH Mid2109.254474.88AH Low2108.254472.25READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
Lawrence's Comment Recap Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week ...READ MORELawrence's Comment Recap Cable held the breakout level nicely and rallied to retest Y+1 as expected. Once Y+1 was tagged cable went into consolidation. Closed the week at Y+1 and above midpoint. Outlook Potential ...READ MOREESNQAH High4723.5015919.75AH Mid4719.5015900.38AH Low4715.5015881.00READ MORE
As Featured In
S&P 500 Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Y-0 support sent ES up to Y+1 and cleared it easily. This opened the door to Y+2. Y+2 tagged and pullback started. 3 pushes down into Friday and held the previous week close. Closed the week above Y+1 and near midpoint.
Outlook
3 pushes down is a pullback pattern which points to potential test of B+1 in the making. If ES fails to clear B+1, whiplash play with B-1 in the card.
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