Trading Edges That Last
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Lawrence's Comment Recap Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get ...READ MORELawrence's Comment Recap Mon/Tue produced a swing high allowing us to join the continuation sell later in the week. Closed the week below Y-0 and near week low. Outlook The selling is not completed. ...READ MORE
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S&P 500 Aug 31 to Sep 04 Outlook
Lawrence’s Comment
News shock dropped ES down to Y-3 to start the week. Gap fill fight started at once. Wild 2 ways swings eventually allow ES to move above Y-1. Closed the week above Y-1 and near week high.
Outlook
Whether this is the swing bottom on weekly for ES will heavily depends on the open gap above near 2020. If that zone develops into a swing high, ES will be forced back down to fight at B-0 again.
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