Trading Edges That Last
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Lawrence's Comment Recap ES simply gapped through the Y+1 resistance mentioned last week. Signature PPT activities detected overnight there. The gap thru led to a strong squeeze up to the crime scene ...READ MOREGoing through a chart of the past 10 to 12 years in Emini S&P, I cannot help thinking if there is a trading model that can work well throughout the ...READ MORELawrence's Comment Recap Flushed to almost Y-2 target at the start of the week. Used up the bias right from the start often points to a reversal. Once NQ pushed above Y-1 ...READ MORELawrence's Comment Recap The slight weekly bias towards the upside gave cable a boost to Y+3. Then fiscal cliff deal changed everything sending cable back down to Y-2. Closed the week ...READ MORE3DP Odds Table (SPY) 2020-08-19Intraday Cycle Projection (SPY) 2012-01-02ES Chart 2005-03-16ES Chart 2013-01-25S&P 500 Oct 27 to Oct 31 OutlookThe 10 Year Challenge on Index Future TradingES Chart 2014-05-30USDCAD Jan 08 to Jan 12 OutlookNasdaq 100 Jan 13 to Jan 17 OutlookGBPUSD Jan 07 to Jan 11 Outlook
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S&P 500 Apr 14 to Apr 18 Outlook
Lawrence’s Comment
First thing first, ES slided down to my target Y-2. Support was found and ES started to drift higher. At 100% range expansion, ES could no longer sustain itself and collapsed back down and printed Y-3 downside target. Closed the week below Y-3 and near week low.
Outlook
ES got its measured move target last week. This does not imply it can start to bounce now. The bearish closing points to more downside is expected. Only until ES can form a bottom on daily and clear B-0 decisively that the daily downtrend is challenged.
Bearish bias with expectation of increase in volatility later in the week.
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