Trading Edges That Last
- You May Also Like
Review of Forecast for Sep 26, 2016 Forecast of limited downside of 1.5% was spot. 2% swing up did not happen thanks to Deutsche Bank crisis but bullish bias kept S&P ...READ MORELawrence's Comment Recap Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support ...READ MORE
As Featured In
S&P 500 Aug 18 to Aug 22 Outlook
Lawrence’s Comment
ES found support at previous week close and zoomed to Y+2 right above 3 pushes down target. Strong reaction to Y+2 sent ES back down to Y+1. Closed the week above Y+1 and midpoint.
Outlook
Classic 3 pushes down target tagged, no more fuel to go higher from here. ES needs to find support at Y-0 / B-1 zone or B-2 / Y-1 will be tagged quickly this week.
Share