Trading Edges That Last
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Lawrence's Comment Recap Y-0 did not act as support at all on first test. This opened the door to Y-1 and the test of Y-1 led to a strong bounce. Closed the ...READ MOREESNQAH High2424.755697.00AH Mid2423.635692.50AH Low2422.505688.00READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High2099.504497.50AH Mid2098.504494.88AH Low2097.504492.25READ MOREPrecog Vision – US Indices 2018-6-14USDCAD May 11 to May 15 OutlookIntraday Cycle Projection (ES) 2017-10-053DP Odds Table (SPY) 2020-02-11GBPUSD Jul 15 to Jul 19 Outlook3DP Odds Table (ES) 2018-08-23ES Chart 2018-11-21US Market Pre-Open 2017-7-11Precog Vision – US Indices 2018-5-10US Market Pre-Open 2015-6-5
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S&P 500 Jul 02 to Jul 06 Outlook
Lawrence’s Comment
News shock from the start of the week failed to damage the bullish technical pattern I mentioned last time. Somehow Y-2 was never tagged in that flush on Monday. Then a double bottom was formed and squeezed higher. Another news shock to force ES lower yet this time cannot even push it down to week low. By the end of the week, a multi-stage news shock sent ES straight up to Y+1. Closed the week at the high.
Outlook
If B+1 failed to act as resistance, Y+2 to B+2 in play. The dramatic turns of events last week has trapped many bears, making it possible to go much higher. All it takes could be just a minor news shock.
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