Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High3666.0012473.50AH Mid3659.2512454.38AH Low3652.5012435.25READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
Lawrence's Comment Recap Y+1 cleared invalidating the bearish bias. Y+2 tagged quickly right after. Measured target from 4 weeks ago reached by the end of the week. Closed the week above Y+2 ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREPrecog Vision – US Indices 2011-4-19US Market Pre-Open 2020-12-2Intraday Cycle Projection (SPY) 2011-05-25Precog Vision – US Indices 2017-7-5Precog Vision – US Indices 2018-10-3S&P 500 Jul 07 to Jul 11 OutlookPrecog Vision – US Indices 2018-4-12Real-time Commentaries 2016-1-63DP Odds Table (SPY) 2013-08-28Intraday Cycle Projection (ES) 2021-12-07
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S&P 500 Jul 02 to Jul 06 Outlook
Lawrence’s Comment
News shock from the start of the week failed to damage the bullish technical pattern I mentioned last time. Somehow Y-2 was never tagged in that flush on Monday. Then a double bottom was formed and squeezed higher. Another news shock to force ES lower yet this time cannot even push it down to week low. By the end of the week, a multi-stage news shock sent ES straight up to Y+1. Closed the week at the high.
Outlook
If B+1 failed to act as resistance, Y+2 to B+2 in play. The dramatic turns of events last week has trapped many bears, making it possible to go much higher. All it takes could be just a minor news shock.
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