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Lawrence's Comment Recap Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint. Outlook Congestion between B-0 to Y+1, or, breakout to B+2 in play. A less ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORES&P 500 Oct 31 to Nov 04 OutlookHot n Cold (ES) 2012-6-203DP Odds Table (SPY) 2023-02-09Real-time Commentaries 2020-9-18Intraday Cycle Projection (ES) 2014-04-173DP Odds Table (SPY) 2014-09-02AUDUSD Jan 16 to Jan 20 OutlookIntraday Cycle Projection (SPY) 2019-04-04Precog Vision – US Indices 2015-6-9Real-time Commentaries 2019-4-24
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S&P 500 Aug 03 to Aug 07 Outlook
Lawrence’s Comment
ES gap lower to start the week from long term support zone where the major open gaps are. ES found support there and launched a rally straight back up to previous week midpoint to welcome the FOMC announcement. ES struggled since in consolidation around Y-0. Closed the week near Y-0 and above midpoint.
Outlook
Indecision after FOMC meeting means there is a fight to be carried out this week. Until we see a clear trend develops on 30-min, this week may ended up being a normal summer tight range week.
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