Trading Edges That Last
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Lawrence's Comment Recap Further consolidation around Y-0 area. End of week weaknesses failed to break the Y-1 support. Closed the week near week low and below Y-0. Outlook Inside week from daily up trend ...READ MORELawrence's Comment Recap Consolidated around Y+1 until Y+1 turning into support. Moved higher until 50% previous week range established. Closed the week above Y+1 and midpoint. Outlook Above B+1 likely. FBO against ...READ MOREReal-time Commentaries 2011-11-22Real-time Commentaries 2022-8-17ES Chart 2014-09-17Weekly Cycle Projection (SPY) 2013-03-043DP Odds Table (SPY) 2013-07-08ES Chart 2010-10-19Hot n Cold (SPY) 2012-7-12Intraday Cycle Projection (SPY) 2023-02-23AUDUSD Jan 21 to Jan 25 OutlookAUDUSD Mar 14 to Mar 18 Outlook
As Featured In
S&P 500 Feb 27 to Mar 02 Outlook
Lawrence’s Comment
I was looking for a pullback to B-0 early in the week. That worked out as expected. Then a bounce back up to at least a retest of B+1. That worked out too. Closed the week about Y+1.
Outlook
Not much more upside from here as monthly resistance zone is right here in this area.
Need to see if ES can breakthru the zone before looking into possible melt up scenario.
For now, waiting for signs of ES forming sell setup on daily.
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