Trading Edges That Last
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Lawrence's Comment Recap Y-0 did not act as resistance and NQ lifted ES up breaking above Y+1. That gives way to our normal upside target of Y+2. Y+2 was tagged ...READ MOREReview of Forecast for May 18, 2015 The expectation of limited upside was correct. In fact, all week consolidation. The potential of starting a strong decline was not confirmed yet. The ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREWeekly Cycle Projection (SPY) 2018-12-03Real-time Commentaries 2017-5-22S&P 500 Feb 20 to Feb 24 OutlookIntraday Cycle Projection (SPY) 2013-09-09S&P500 Short Term Market Breadth Analog Forecast StartingNasdaq 100 Jan 09 to Jan 13 Outlook3DP Odds Table (ES) 2015-10-233DP Odds Table (ES) 2017-02-15Intraday Cycle Projection (SPY) 2017-06-29Precog Vision – US Indices 2018-3-13
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S&P 500 Mar 14 to Mar 18 Outlook
Lawrence’s Comment
ES bull flag on 30-min and hourly landed at Y-0 support. Strong squeeze on the shorts led to breakout of Y+1. Closed the week above Y+1 and near week high.
Outlook
3rd leg up points to B+2 / Y+2 zone. That’s also key daily / weekly resistance for multiple reasons. Potential completion of the bounce from year low.
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