Trading Edges That Last
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Lawrence's Comment Recap Sold off from resistance mentioned last week down to Y-2 target. Closed the week below Y-1 and near week low. Outlook Breaking below B-1 without testing B-0 first points ...READ MORELawrence's Comment Recap 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 ...READ MORELawrence's Comment Recap Tagged Y+1 target early in the week from a gap and failed to hold above Y+1. That gave us a shot to drop ES down to Y-0 ...READ MORELawrence's Comment Recap The bounce back to B-0 was expected but you cannot predict the time that the governments would take action in the scale like last week. The interesting ...READ MORE3DP Odds Table (ES) 2016-09-15Weekly Cycle Projection (ES) 2020-07-13Intraday Cycle Projection (ES) 2020-12-283DP Odds Table (SPY) 2022-02-09Nasdaq 100 Jul 08 to Jul 12 OutlookEURUSD May 16 to May 20 OutlookS&P 500 Aug 20 to Aug 24 OutlookES Chart 2003-08-14S&P 500 Apr 02 to Apr 06 OutlookEURUSD Dec 05 to Dec 09 Outlook
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S&P 500 Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Got our consolidation-like range. Upside target of above mid-1830s printed. Closed the week above Y+1 and midpoint.
Outlook
Seasonal bullish bias used up at this point. No strong directional play until after new year.
Chart pattern suggests a retest of Y-2 is necessary. The issue is timing. Since next week is year end, I suspect the wild rides will probably start after new year.
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