Trading Edges That Last
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ContentReviewEuro Lifted by Bearish Speculation on US DollarS&P Equal Distance Move Mostly CompletedGold Bullish Scenario UnstableBitcoin Downside Target Established10-Year Note Yield Rate Up Cycle ProjectionBig Picture SummaryReviewEuro found support at ...READ MORELawrence's Comment Recap Drifted back up to Y-0 as expected. Sideway actions since. Closed the week below Y-0 and near week low. Outlook The expectation of retesting Y-1 is still in play. ...READ MOREIntraday Cycle Projection (SPY) 2015-02-09Hot n Cold (SPY) 2021-8-27US Market Pre-Open 2020-12-16US Market Pre-Open 2021-12-2Precog Vision – US Indices 2012-4-19MBO Issue 113 (May 2021) Everything is HangingHot n Cold (SPY) 2012-4-17ES Chart 2021-06-07ES Chart 2009-10-05USDJPY Feb 22 to Feb 26 Outlook
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S&P 500 Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Upside target of current year high is tagged. Not quite an explosive up swing but also not quite a drift up. Closed the week above Y+2 and near week high.
Outlook
Since ES failed to push through current year forcefully, another attempt to do so is likely next week.
As noted in comments on NQ, the overall breadth overbought condition has to be resolved. A pullback to B-0 and below is expected. Not sure if that will turn into a bigger selloff as the reaction to B-0 will be important signs telling us whether this rally is over.
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