Trading Edges That Last
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Lawrence's Comment Recap Got the FBO against Y+1 mentioned last week. Tagged Y-3 as expected. The easiest play last week. Closed the week near week low and above Y-3. Outlook As long as B-0 ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High4162.5013922.50AH Mid4159.0013905.13AH Low4155.5013887.75READ MORE
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S&P 500 Dec 02 to Dec 06 Outlook
Lawrence’s Comment
A weak version of what happened to Dow. 50% previous week range. Closed the week at Y+1 / previous week close and below midpoint.
Outlook
If we are getting a spike reversal here for real, we need ES to close on daily basis below B-1 quickly. That will open the door to a flush back down to below B-3.
Without a strong down move to trigger more selling, I do not expect significant swings to happen this coming week as volume dry up during the holiday season.
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