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Lawrence's Comment Recap Sold back down to Y-0 first as expected. Further weaknesses took it down to Y-1. But gap was not filled and a bounce from the gap top killed ...READ MORES&P 500 Jan 04 to Jan 08 OutlookES Chart 2021-03-05Precog Vision – US Indices 2020-7-6Nasdaq 100 May 09 to May 13 OutlookReal-time Commentaries 2021-1-11Hot n Cold (ES) 2020-7-3Intraday Cycle Projection (ES) 2015-03-02S&P 500 Mar 28 to Apr 01 Outlook3DP Odds Table (SPY) 2017-06-083DP Odds Table (ES) 2022-02-08
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S&P 500 Jul 01 to Jul 05 Outlook
Lawrence’s Comment
As expected, a bottom was formed early in the week, gave us a run back up to Y-0 and stalled. This can be puzzling for many daytraders but it should not be a surprise for long term readers of my weekly commentaries. Closed the week above midpoint and below Y-0.
Outlook
Price pattern suggested an important top is already in place and that a swing trend going down is also in place. As long as B+1 is not breached, a run back down to B-1 and B-2 is in play.
The rare case scenario is that ES somehow find support around B-0 and zoom through B+1. If that happens, a massive short squeeze will take ES upto B+3 easily. Not something normal but it can happen.
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