Trading Edges That Last
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Lawrence's Comment Recap Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint. Outlook This ...READ MOREReal-time Commentaries 2012-1-123DP Odds Table (SPY) 2021-07-23Precog Vision – US Indices 2013-1-18ES Chart 2019-09-20Real-time Commentaries 2017-5-163DP Odds Table (ES) 2014-07-03GBPUSD May 18 to May 22 Outlook3DP Odds Table (SPY) 2017-01-26Nasdaq 100 May 09 to May 13 OutlookS&P 500 Jul 11 to Jul 15 Outlook
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S&P 500 Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Bearish expectation worked out well. Y-3 downside target tagged easily. Open gap filled below. Rumors spreaded right after to force the market higher. Open gap above got taken care of too. ES stalled from the resistance since. Closed the week below Y-2 and midpoint.
Outlook
A longer term down trend is in the making. As long as ES cannot clear B-0 it can be the start of something more bearish. NFP week can lead to extreme moves by Thursday and Friday.
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