Trading Edges That Last
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Lawrence's Comment Recap Aussie could not push higher as expected and dropped back down to retest Y-1. Y-1 rejected, gave us target Y-0 and the double bottom gave us target at the ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREPrecog Vision – US Indices 2018-10-1US Market Pre-Open 2021-4-22AUDUSD Jun 02 to Jun 06 OutlookIntraday Cycle Projection (ES) 2016-05-09Real-time Commentaries 2019-4-9ES Chart 2012-06-26Precog Vision – US Indices 2016-12-26Real-time Commentaries 2012-3-153DP Odds Table (ES) 2019-08-09Real-time Commentaries 2018-12-11
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S&P 500 Jun 15 to Jun 19 Outlook
Lawrence’s Comment
ES dropped lower initially but turned into 1-2-3 buy on 30-minute against Y-1 which gave us a go for Y-0. Y-0 was cleared and turned into support. This sent ES high until Friday the development in Europe sent the stock markets lower. Closed the week near Y-1 and below midpoint.
Outlook
Y-1 support will give us a retest of Y-0 / open gap zone. B-0 resistance can send ES down to B-1. It will be a difficult week to trade. How ES develops next week will be critical as the weekly up trend is now threatened.
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