Mid-day Update: Posted on Tuesday what to expect for the rest of the week. Here is the updated 15-minute chart. Obviously, previous week midpoint (red zone) was tagged and breached on retest. Previous week low (PWL) and the big gap below is now in play.
FTW – What I posted this morning:
Trading can be easy if you learn to read the charts correctly.
Lawrence's Comment
Recap
Looks almost exactly like Dow. See Dow comments for recap.
Outlook
Bullish scenario - if Y-1 acts as support, we get B+2.
Bearish scenario - measured move target from week low ...
Emini S&P Downside Targets Jul 24, 2015
Mid-day Update: Posted on Tuesday what to expect for the rest of the week. Here is the updated 15-minute chart. Obviously, previous week midpoint (red zone) was tagged and breached on retest. Previous week low (PWL) and the big gap below is now in play.
FTW – What I posted this morning:
Trading can be easy if you learn to read the charts correctly.
Join us to get my real-time analysis.
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