Trading Edges That Last
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Lawrence's Comment Recap Downside bias happened and tagged downside target of Y-2. But dropped in a 3 pushes down manner instead of a selloff. Closed the week above midpoint. Outlook This week due ...READ MORELawrence's Comment Recap The attempted rally from the beginning of the week met with resistance from the week low zone prior to last week. Yet the selloff failed to break below ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Y-1 breached early in the week but did not act as resistance. That is the early signs of strength. Couple that with the spike low is 100% ...READ MORE
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S&P 500 Aug 26 to Aug 30 Outlook
Lawrence’s Comment
ES flushed down to the downside target area and bounced quickly back up to above Y-1. That staged the rally back up to challenge the open gap above. Closed the week at week high and above Y-1.
Outlook
Potential whiplash break down in play. As long as ES failed to go above Y-0 / B+2 early in the week, continuation sell off will take ES back down to B-1 and likely much lower.
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