Trading Edges That Last
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Lawrence's Comment Recap 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 ...READ MORELawrence's Comment Recap Stronger than expected bounce led to tagging Y-0. But that was all we got. Closed the week near midpoint. Outlook Coiled up formation means breakout in the making. Focus ...READ MOREES Chart 2021-03-113DP Odds Table (SPY) 2020-11-04Hot n Cold (SPY) 2017-9-15Precog Vision – US Indices 2015-4-16Real-time Commentaries 2012-12-19S&P 500 Jun 15 to Jun 19 OutlookNasdaq 100 May 28 to Jun 01 Outlook3DP Odds Table (SPY) 2011-11-04Real-time Commentaries 2021-9-16Hot n Cold (SPY) 2016-10-28
As Featured In
S&P 500 Jun 27 to Jul 01 Outlook
Lawrence’s Comment
The most timid index out of the 3 major indices. Opened the week near Y+1 and resistance there pressed ES lower. Ledge action led to upside breakout into Brexit. Brexit news shock forced ES to gap below Y-1 to open on Friday. Quick bounce back up to Y-0 resistance and sold off since. Closed the week below Y-1 and near week low.
Outlook
Extreme volatility in effect. Normal nearby support / resistance zones will not be able to bound the price actions. Real support below 2000. Stay on the sideline is not a bad idea if you do not have experience handling such market conditions before.
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