Trading Edges That Last
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Lawrence's Comment Recap No violent breakout, just a weak outside week reversal. Closed the week below Y-1. Outlook A reversal happened but not as strong as I hope for. Definitely need Y-0 ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREAUDUSD May 29 to Jun 02 OutlookES Chart 2015-03-06USDCAD Aug 27 to Aug 31 OutlookAUDUSD May 16 to May 20 OutlookReal-time Commentaries 2014-7-31ES Chart 1999-08-06Intraday Cycle Projection (SPY) 2011-11-16Precog Vision – US Indices 2012-10-17Real-time Commentaries 2024-6-43DP Odds Table (SPY) 2022-04-27
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S&P 500 Jan 27 to Jan 31 Outlook
Lawrence’s Comment
Opened near Y+1 and stalled. Y-0 found support, retested original resistance mentioned last week. Breached Y-0 and slided down to Y-1 then Y-2. Closed the week below Y-2 and at week low.
Outlook
First expansion move out of the compression range between 1820 to 1840. Such expansion move seldom ends immediately.
New low expected early in the week. Depending on how far ES bounces back up from the initial low by end of the week, we will find out if another leg lower is in store.
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