Trading Edges That Last
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Lawrence's Comment Recap As mentioned last time, NQ was the weakest of the 3 major indices and that ES and Dow may drag it all the way up. That's exactly what happened ...READ MORELawrence's Comment Recap Pulled back to slightly below Y-0 and bounced off. Retest of Y+1 did not quite make it there. Closed the week above midpoint and Y-0. Outlook Inside week with ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORENasdaq 100 Jan 21 to Jan 25 OutlookGBPUSD Nov 14 to Nov 18 OutlookUSDJPY Dec 12 to Dec 16 OutlookUSDJPY Dec 03 to Dec 07 OutlookHot n Cold (SPY) 2022-7-22ES Chart 2009-12-313DP Odds Table (SPY) 2018-01-15Precog Vision – US Indices 2013-1-173DP Odds Table (ES) 2011-12-083DP Odds Table (ES) 2013-08-26
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S&P 500 Jan 28 to Feb 01 Outlook
Lawrence’s Comment
A mysterious week indeed. Despite all factors going against the market, Dow and ES matched straight up clearing their resistances and landed ES at 1500 area. Closed the week near week high and above Y+2.
Outlook
Obvious upside triangle favours a breakout to the upside with target above B+2.
B+1 acting as resistance sending ES below B-0 will trigger double top with target B-1.
The odds is pretty balance between the 2 so it will be difficult to lean on one side for swing trade.
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