Trading Edges That Last
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Lawrence's Comment Recap Bounced back up to Y-0 and found resistance. Sold off down to Y-2 as expected. Closed the week below Y-1 and midpoint. Outlook Strong support / downside target Y-3 ...READ MORELawrence's Comment Recap Hurriance Sandy removed 2 trading days off the week and that impact showed up clearly in this compressed trading week. Quick flush back down to right above ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
As Featured In
S&P 500 Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Y+1 support in the beginning of the week started a stop hunt to the up side. Y+2 tagged and ES went sideway since. Closed the week near Y+2 and above midpoint.
Outlook
Tight range week can easily produce a whiplash move if B+1 /B+2 zone is proven strong resistance. If so downside target Y-0 / B-2 in play.
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