Trading Edges That Last
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Lawrence's Comment Recap Wild ride as mentioned last week. Pretty much straight up from Y-1 to Y+2 with very strong reactions between Y-0 and Y+1. Closed the week above Y+1 and midpoint. ...READ MOREESNQAH High1888.503606.75AH Mid1884.753597.88AH Low1881.003589.00READ MOREESNQAH High2183.254804.75AH Mid2182.134802.00AH Low2181.004799.25READ MORELawrence's Comment Recap Just like Dow and NQ, ES tried hard to clear Y+1 and failed. Stalled back down to Y-0 and found support. 2nd try cleared Y+1 and got my upside ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Euro was dragged below 1.36 finally. However, no spectacular reversal or major melt down from tagging 1.36. Closed the week above Y-1 and near midpoint. Outlook As long as B-1 holds, ...READ MOREIntraday Cycle Projection (ES) 2012-08-15Real-time Commentaries 2020-4-293DP Odds Table (SPY) 2020-01-28Seeking Alpha – Bankable ETF Strategy: Simpleton Counter-TrendDow 30 Sep 22 to Sep 26 OutlookUS Market Pre-Open 2014-5-15US Market Pre-Open 2016-8-12S&P 500 Oct 19 to Oct 23 OutlookPrecog Vision – US Indices 2016-9-29EURUSD Jun 02 to Jun 06 Outlook
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S&P 500 Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Consolidation action at support as mentioned last week. FOMC announcement sent ES back down to retest the support zone and it was defended. Short squeeze on Friday finished the job by sending ES up to equal distance from previous week close. Closed the week above Y+1 and near week high.
Outlook
Squeeze driven rally does not last. Y+2 / B+2 strong resistance zone with Y+1 / B-0 retest likely.
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