Trading Edges That Last
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Lawrence's Comment Recap Test of Y+2 as expected. Failure to hold above Y+1 gave us a eventual drop back down to Y-0. Closed the week near Y-0 and week low. Outlook Confirmed ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE3DP Odds Table (SPY) 2013-05-22ES Chart 2014-02-13Precog Vision – US Indices 2022-3-1AUDUSD Feb 29 to Mar 04 Outlook3DP Odds Table (SPY) 2021-02-02Intraday Cycle Projection (SPY) 2016-12-093DP Odds Table (SPY) 2016-12-20Precog Vision – US Indices 2013-6-10Intraday Cycle Projection (ES) 2014-09-25Intraday Cycle Projection (ES) 2011-11-09
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S&P 500 Jan 07 to Jan 11 Outlook
Lawrence’s Comment
Similar to Dow, ES pushed the envelope all the way. It exceeded Dow in terms of volatility during the holiday season. Closed the week near week high and above Y+3.
Outlook
ES does not have a rising wedge in place like Dow so the weaknesses is not as obvious.
If ES spends majority of the week sitting around B+1 and capped below Y+4, will be looking for a swing short back down to Y+2. Need NQ and Dow to go in sync or the short side will not stand a chance.
The less likely scenario is that ES clearing 1470 in 1 go, that stage a melt up to 1500.
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