Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High3507.0012005.25AH Mid3505.3811996.63AH Low3503.7511988.00READ MORE
The trading models presented in this article is direct application of the gap classification framework from Master Emini S&P Gap Trading Techniques. I am talking about trading models because there ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREES Chart 2013-05-17Precog Vision – US Indices 2013-10-24ES Chart 2001-06-19US Market Pre-Open 2020-8-31ES Chart 2000-08-01Intraday Bias: Emini Strong Close Gap Down3DP Odds Table (ES) 2015-09-03Precog Vision – US Indices 2015-6-15Precog Vision – US Indices 2017-2-14Intraday Cycle Projection (ES) 2014-12-10
As Featured In
S&P 500 May 13 to May 17 Outlook
Lawrence’s Comment
Similar to Dow, ES ripped thru resistance zone and went straight up for days. Classic blowoff top type action. Almost tagged Y+2 and stalled. Closed the week near week high and above Y+1.
Outlook
Limited upside to below B+2 with possible whiplash action to drop back down to B-2.
It is clear that ES is in a topping process here. Structural boundaries will likely be breached at various timeframes without providing us actual direction of the market. Staying on the sideline is a good choice if this kind of volatility is not your cup of tea.
Share