Trading Edges That Last
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ContentReviewEuro Too Weak to Find a BottomS&P Correction ContinuesGold Taking a PauseBig Picture SummaryReviewEuro continue to print lower lows as expected.S&P break of 2940 gave us the drop expected. Target ...READ MOREESNQAH High3217.5010630.25AH Mid3215.1310624.50AH Low3212.7510618.75READ MORELawrence's Comment Recap The week started out as expected with a pop going higher to take care of the gap above and tested the resistance in 1 go. Then NQ total collapse ...READ MORE
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S&P 500 Apr 25 to Apr 29 Outlook
Lawrence’s Comment
ES followed Dow to tag Y+2 before a more serious pullback materialized. Premium members were informed about the reversal well ahead of time. Closed the week near Y+1 and midpoint.
Outlook
FBO against Y+1 potential but not confirmed yet. Usually the winning side can be determined from Monday closing. As long as Y+1 / B+1 zone acting as resistance, a drop to Y-0 and below is likely.
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