Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap 3 pushes top then freefall to test and then fill the gap below. Violent swings too. Closed the week below midpoint but higher than Y-1. Outlook Definitely not as ...READ MORELawrence's Comment Recap Dow opened down at Y-2 and triggered a flush down to Y-3, all happening within the first 30 minutes of the week. Since then extreme 2 way swings until ...READ MORELawrence's Comment Recap Y-1 did not hold, Range expansion kicked in with Y-3 target tagged quickly. Y-3 rejected with Y-1 cleared with a gap. Y-0 capped the run and force a drop ...READ MORELawrence's Comment Recap As explained last week in S&P weekly comment, this week is supposed to be weak at least in the beginning of the week. That happened and NQ dropped with ...READ MORENasdaq 100 Aug 01 to Aug 05 OutlookIntraday Cycle Projection (SPY) 2015-02-02Real-time Commentaries 2022-9-2Intraday Cycle Projection (ES) 2021-04-30Hot n Cold (ES) 2012-2-2ES Chart 2019-11-26Dow 30 Aug 31 to Sep 04 OutlookIntraday Cycle Projection (ES) 2018-06-12S&P 500 Jan 12 to Jan 16 OutlookNasdaq 100 Feb 11 to Feb 15 Outlook
As Featured In
S&P 500 Jul 06 to Jul 10 Outlook
Lawrence’s Comment
Situation in Greece destroyed the bulls hope for another attempt to the upside. Clean breakdown from the start of the week pointed to Y-3 target and we got that same day. Y-3 support sent ES back up to Y-2 and consolidated there since. Closed the week near Y-2 and midpoint.
Outlook
ES in upside triangle. Breaking the support line will lead to retest of Y-3 / B-1.
B+1 / Y-1 very strong resistance with potential measured move target at 2010-2020.
Share