Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High3741.5013092.50AH Mid3722.5013014.13AH Low3703.5012935.75READ MORE
Lawrence's Comment Recap First half of the week formed a perfect head and shoulder that has a target breaking the Y-0 support area. That resulted in a drop running towards the ...READ MORELawrence's Comment Recap ES flushed down to the downside target area and bounced quickly back up to above Y-1. That staged the rally back up to challenge the open gap above. Closed ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
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S&P 500 Jan 28 to Feb 01 Outlook
Lawrence’s Comment
A mysterious week indeed. Despite all factors going against the market, Dow and ES matched straight up clearing their resistances and landed ES at 1500 area. Closed the week near week high and above Y+2.
Outlook
Obvious upside triangle favours a breakout to the upside with target above B+2.
B+1 acting as resistance sending ES below B-0 will trigger double top with target B-1.
The odds is pretty balance between the 2 so it will be difficult to lean on one side for swing trade.
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