Trading Edges That Last
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Lawrence's Comment Recap Resistance zone pressured cable back down to Y-0 and below as expected. In turn stop run took it all the way back down to Y-1. Closed the week below ...READ MORELawrence's Comment Recap Tagged resistance zone as expected, but no breakout above that. Instead, ninja fell back down to Y-0 eventually. Most part of the week was spend holding right below Y+1 ...READ MORELawrence's Comment Recap Aussie struggled above Y-1 initially. Found strength from gold pop leading to a run back to crime scene. Did not even get to Y-0 and stalled. Retest of Y-1 ...READ MORE
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S&P 500 Mar 23 to Mar 27 Outlook
Lawrence’s Comment
My short term low in place expectation proven to be correct. ES rushed back up above Y-0 since the beginning of the week and consolidated around it. FOMC announcement took ES straight up above Y+1 and eventually Y+2. Closed the week above Y+1 and midpoint.
Outlook
Wide range week with gaps everywhere again. Consolidation may take ES back down to B-0 first. If this coming week is proven a weak consolidation, we cannot rule out ES dropping all the way back down to B-1 eventually.
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