Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap I thought the backfill back down to Y-1 was going to be choppy. Instead, we got this clean directional slide all the way down. Cleared Y-1 easily and then ...READ MORELawrence's Comment Recap Tight range consolidation around Y-1. Closed the week above Y-1 and midpoint. Outlook Retest B+1. If successfully taken out B+1, then B+2 to Y-0 is the target.READ MORE
As Featured In
S&P 500 Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Y+1 support in the beginning of the week started a stop hunt to the up side. Y+2 tagged and ES went sideway since. Closed the week near Y+2 and above midpoint.
Outlook
Tight range week can easily produce a whiplash move if B+1 /B+2 zone is proven strong resistance. If so downside target Y-0 / B-2 in play.
Share