Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High2126.504799.00AH Mid2125.384796.13AH Low2124.254793.25READ MORE
Lawrence's Comment Recap Bounced back up in tight range around Y-1 is normal after the sudden wide range reversal. Closed the week above Y-1 and midpoint. Outlook As long as Y-1 / ...READ MOREESNQAH High3104.758281.50AH Mid3102.888274.63AH Low3101.008267.75READ MORELawrence's Comment Recap Trapped inside Y-1 to Y+1. The spike and ledge formation is intact. Closed the week below midpoint and is an inside week. Outlook Breakout formation in place. The breakout direction ...READ MOREIntraday Cycle Projection (ES) 2016-09-23ES Chart 2001-06-14Precog Vision – US Indices 2018-10-13DP Odds Table (ES) 2020-01-13US Market Pre-Open 2016-10-143DP Odds Table (ES) 2020-01-27USDJPY May 09 to May 13 OutlookIntraday Cycle Projection (SPY) 2013-09-26US Market Pre-Open 2019-11-22USDCAD Aug 29 to Sep 02 Outlook
As Featured In
S&P 500 Aug 05 to Aug 09 Outlook
Lawrence’s Comment
Mentioned last week ES would be influenced by NQ and it happened. ES was weak and failed to hold Y-0 yet strength in NQ carried ES higher and forced an upside breakout in ES eventually. Short squeeze, however, did not carry ES much higher. Not even Y+2 was tagged. Closed the week at week high and above Y+1.
Outlook
Signs of distribution in the underlying components detected in real-time. Distribution phase takes time and they usually happens while the market is going higher, not lower.
Chart pattern suggests consolidation around Y+2 / B+1 area this week. Retest of Y+1 is possible if a strong reversal setup against B+1 happens later in the week.
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