Trading Edges That Last
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Lawrence's Comment Recap Breakout above Y+1 and that turned into support, giving us the classic STOPD run to Y+3. Isn't that simple enough? Outlook As long as B-0 acts as support, uptrend intact ...READ MOREESNQAH High2770.506728.75AH Mid2769.386723.88AH Low2768.256719.00READ MOREESNQAH High2088.754453.25AH Mid2084.884428.75AH Low2081.004404.25READ MORELawrence's Comment Recap Further consolidation around Y-0 area. End of week weaknesses failed to break the Y-1 support. Closed the week near week low and below Y-0. Outlook Inside week from daily up trend ...READ MORE
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S&P 500 Mar 02 to Mar 06 Outlook
Lawrence’s Comment
ES pushed higher as expected. Month end bias kicked in on Thursday and Friday following the usual month end script. Closed the week above Y-0 and near week low.
Outlook
All week consolidation with no strong push in either direction tells us that ES absorbed the daily up move very well. Y-0 / B-1 now support for more upside this coming NFP week.
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