Trading Edges That Last
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As Featured In
S&P 500 Apr 01 to Apr 05 Outlook
Lawrence’s Comment
A mess produced from a mess. ES simply followed Dow and NQ the whole week. Gaps up and down through the week due to news shock from Europe. As there is no news feeding from Cyprus and the people of Cyprus are robbed by their own government with withdrawal control, the financial markets are happy that there is no bank run thus sending ES higher. Closed the week above Y+1 and near week high.
Outlook
Rising wedge. Light volume push to all time high closing by Thursday while Friday was a holiday. Should ES failed to hold above B-0, we can expect an all out selloff back down to B-2.
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