Trading Edges That Last
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Lawrence's Comment Recap Nasdaq has a cleaner failed breakout than Dow early in the week. Yet it did not drop to Y-1 at all, until euro zone news shock sending ...READ MORELawrence's Comment Recap ES holding up around Y+1 first half of the week. Since then breakout of the tight range to the upside. Y+2 tagged and produced a pause. Closed the week ...READ MORELawrence's Comment Recap Dropped to down channel target of below Y-2. Channel overshoot gave us a run back up to channel top above Y-1 and started a short squeeze. Yet, Dow failed ...READ MORE
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S&P 500 Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint.
Outlook
A marginal double top in place with neckline at B-1 and target at B-3. B-3 is in the zone where the backfill actions should drop to.
Not bullish until a breakout above B+1 that will confirm the strength of this bull run with 1900 potential.
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