Trading Edges That Last
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Content Review Euro Breakdown Play Intact S&P Limited Upside Potential Gold Completing Its Bottom Building Process ...READ MORELawrence's Comment Recap Upside target that was not tagged the week before was finally done this week. Dow consolidated since and moving in tight range into month end. Closed the week near ...READ MORELawrence's Comment Recap Test of Y+2 as expected. Failure to hold above Y+1 gave us a eventual drop back down to Y-0. Closed the week near Y-0 and week low. Outlook Confirmed ...READ MORELawrence's Comment Recap NQ finally joined the other 2 indices and sold off down to almost Y-3. Since then a major short squeeze caused by potential deal in US debt ceiling forced ...READ MORE3DP Odds Table (SPY) 2020-06-02MBO Issue 58 (Oct 2016) The Hopeless FutureWeekly Cycle Projection (ES) 2011-08-01Real-time Commentaries 2016-12-153DP Odds Table (ES) 2020-04-15Dow 30 Mar 02 to Mar 06 OutlookAUDUSD Feb 29 to Mar 04 OutlookES Chart 2003-06-11Nasdaq 100 Oct 14 to Oct 18 OutlookIntraday Cycle Projection (ES) 2012-02-21
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S&P 500 Apr 04 to Apr 08 Outlook
Lawrence’s Comment
Can’t be more easy than this last week out of the markets I traded – test of previous week high (Y+1) and failed pointing to a test of Y-0. Spike low above Y-0 pointed to a retest of Y+1. Breaking above Y+1 points to tagging Y+2 and we got that too on Friday with normal selloff reaction to the price level.
Outlook
Congestion between B-0 to B+1 is expected. Pullback to B-1 does not change the uptrend outlook for coming weeks. The key price level to watch for is the original 200% upside target of 1350 from the week that created the spike bottom.
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