Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High2118.254672.50AH Mid2115.754667.63AH Low2113.254662.75READ MOREESNQAH High1842.753609.00AH Mid1839.133600.38AH Low1835.503591.75READ 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 MOREPrecog Vision – US Indices 2018-10-16US Market Pre-Open 2016-9-12US Market Pre-Open 2014-1-173DP Odds Table (SPY) 2016-12-20Real-time Commentaries 2022-11-28Real-time Commentaries 2012-7-10Hot n Cold (ES) 2022-7-22Precog Vision – US Indices 2014-5-30Precog Vision – US Indices 2016-4-6ES Chart 2004-01-05
As Featured In
S&P 500 Jan 24th to 28th Outlook
Recap of Last Week
Topped at the yellow zone and sold off. Downside target where the obvious gap zone is was tagged and in turn produced a powerful squeeze on the shorts who are not aware that the gap was strategically positions at the midpoint of prior week. An attempt was made to tag prior week close from below and failed. At the end of the week, ES settled at the midpoint.
Next Week Outlook
As mentioned last week, there are 2 conditions that will signal the end of the current up move. One condition is fulfilled (i.e. sold off to prior week midpoint) but the other one is not (i.e. close below that midpoint). Thus the fight is not over yet.
There is no change to the zones this week. If the market holds up well at the previous week close, a retest of previous week high (yellow zone) is in play.
The more interesting setup, however, is that ES selloff quickly below the red zone early in the week, and that the red zone acts as resistance. If that happens, it is likely the week will turn into trend sell week and close at the low of the week.
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