Trading Edges That Last
- You May Also LikeESNQAH High2813.507210.75AH Mid2808.637193.75AH Low2803.757176.75READ MORE
Lawrence's Comment Recap Y-0 failed to act as support when the pair staged a 1-2-3 sell to break below Y-0. The normal target of Y-1 was tagged mid week. Closed the ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap NQ upside breakout with ES and Dow. The only one out of the 3 indices reached its Y+2 upside target. NQ then failed to hold onto its gain and ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREUS Market Pre-Open 2019-6-5GBPUSD Feb 11 to Feb 15 OutlookDow 30 Apr 26 to Apr 30 OutlookAUDUSD Jun 13 to Jun 17 OutlookHot n Cold (SPY) 2014-3-21Precog Vision – US Indices 2020-8-4ES Chart 2021-07-29Nasdaq 100 Apr 28 to May 02 OutlookReal-time Commentaries 2023-5-5Precog Vision – US Indices 2022-12-26
As Featured In
S&P 500 Feb 04 to Feb 08 Outlook
Lawrence’s Comment
Similar to Dow, ES just refused to go lower and continue its pattern of holding the upper range of previous week and pushed higher. When it fails to do so, then we get sudden gap up from overnight action to stop the drop. Closed the week near week high and Y+2.
Outlook
Last week was the NFP reporting week which has a signature bias that can be exploited. ES did what it was supposed to do and tagged the upside target as expected. So it is not so much a surprise.
Historically there should be some weaknesses right after a strong NFP Friday. Would that turn into a serious pullback or correction? I do not have enough evidence that it is time yet.
Share