Trading Edges That Last
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Lawrence's Comment Recap Completely stuck within Y-0 to Y+1. Makes sense because cable is not the primary target of the intervention done 2 weeks ago. Outlook Breakout mode. Am not expecting a ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREEnd-of-day Update: As mentioned last week, Emini Nasdaq is heading lower. And you probably wonder why it stopped at where it did and reversed course when everyone screaming danger ahead. ...READ MOREReal-time Commentaries 2012-11-7GBPUSD Dec 12 to Dec 16 OutlookIntraday Cycle Projection (SPY) 2016-12-203DP Odds Table (ES) 2021-11-02ES Chart 2008-12-24Precog Vision – US Indices 2022-9-16Precog Vision – US Indices 2012-3-9Precog Vision – US Indices 2011-11-28Emini Nasdaq Bounces From 3 Pushes Up TargetReal-time Commentaries 2020-8-10
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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.
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