Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Similar to Dow, with stronger push towards the upside target Y+1. Essentially tagged the target and fell off a cliff. Closed the week below midpoint. Outlook Not as weak ...READ MORELawrence's Comment Recap Y-0 acted as resistance and gave us a drop back down to previous week close which turned into very strong support on 3 separate attempts to break it from ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High4430.2515048.00AH Mid4428.3815040.50AH Low4426.5015033.00READ MORE
As Featured In
S&P 500 Apr 28 to May 02 Outlook
Lawrence’s Comment
Got upside breakout yet stopped in the middle of the move. 2nd try to push higher failed to clear the week high. Once Y+1 was breached, stops were raided and flushed back down until 50% previous week range was reached. Closed the week below Y+1 and midpoint.
Outlook
FBO against inside week breakout setup points to Y-0 in play. B-3 is also in play should ES fails to tag B-0 before starting another leg lower.
Share