Trading Edges That Last
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Lawrence's Comment Recap Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above ...READ MORELawrence's Comment Recap Gap down but ran back up immediately to close the gap. Then failed to push higher and flushed down to Y-1 to test the support. Took off from there ...READ MOREIntraday Cycle Projection (ES) 2011-12-16Precog Vision – US Indices 2013-3-15AUDUSD Feb 21 to Feb 25 OutlookES Chart 2010-12-31Weekly Cycle Projection (SPY) 2012-02-20Real-time Commentaries 2011-2-28ES Chart 1999-01-13Dow 30 Mar 25 to Mar 29 OutlookES Chart 2022-02-22Weekly Cycle Projection (ES) 2011-10-03
As Featured In
S&P 500 May 23 to May 27 Outlook
Lawrence’s Comment
Sold off to B-2 as expected early in the week. Rallied all the way back to challenge Y-0 and failed. Closed the week at midpoint and above Y-1.
Outlook
ES recovered from the selloff and is in a stronger formation in comparison to NQ. ES is in fact back into the inside week range prior to the selloff. It has a choice now to either rally all its way back up to the top of that inside week range (Y+1) or continue its downside move to Y-3 and B-2 area.
For the likely direction in the beginning of the week, I will take clue from NQ.
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