Trading Edges That Last
- You May Also LikeESNQAH High1460.252866.00AH Mid1456.882859.88AH Low1453.502853.75READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
Lawrence's Comment Recap Downside bias happened and tagged downside target of Y-2. But dropped in a 3 pushes down manner instead of a selloff. Closed the week above midpoint. Outlook This week due ...READ MOREOverview Emini overnight range 2049.00 up to 2059.75 (at 8:55 am) Overnight Midpoint 2054.50 Previous Day Close 2052.00 Emini S&P is now trading at the bottom part of its range with ...READ MOREReal-time Commentaries 2013-5-20US Market Pre-Open 2012-9-21Intraday Cycle Projection (ES) 2012-03-123DP Odds Table (SPY) 2019-05-20ES Chart 2015-01-12Precog Vision – US Indices 2023-2-203DP Odds Table (ES) 2018-03-16EURUSD Aug 08 to Aug 12 OutlookIntraday Cycle Projection (ES) 2022-08-08Emini S&P Battleplan May 9, 2016
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S&P 500 Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Y-1 breached at the start of the week and never get the chance to turn into resistance. Just like Dow, that provided enough fuel to boost ES up and took out Y+1 by a gap towards Y+2. Closed the week at the high.
Outlook
Y+2 was not tagged yet and can be the first thing ES will do on Monday.
Failure to hold above B+1 means Y+1 will be in play and it will be difficult for ES to stay above Y+1 under the situation as filling the gap there means B-0 will likely be tagged as well.
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