Trading Edges That Last
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Lawrence's Comment Recap Y-0 held up fine, rallied to Y+2 as expected. Struggle around Y+2 since. Closed the week below Y+2 and above midpoint. Outlook Reversal came right on time, giving us a nice ...READ MORELawrence's Comment Recap Behaved similar to Dow in drifting higher with clear extra strength coming from short squeeze has taken NQ above Y+2. Tried hard to stay about the inside ...READ MOREUS Market Pre-Open 2022-10-27USDCAD Oct 16 to Oct 20 OutlookPrecog Vision – US Indices 2020-7-15Hot n Cold (SPY) 2012-8-8US Market Pre-Open 2018-7-17Intraday Cycle Projection (SPY) 2013-01-03AUDUSD May 12 to May 16 OutlookReal-time Commentaries 2015-4-29ES Chart 2005-09-21Nasdaq 100 Sep 05 to Sep 09 Outlook
As Featured In
S&P 500 May 30 to Jun 03 Outlook
Lawrence’s Comment
Gapped down to Y-1 yet Y-1 did not act as resistance nor support. That told us higher timeframes (comparing to weekly) at work. NQ was the one that gave us the clean breakout signal to the upside. Tagged previous week close to fill the gap before going sideway to close the week.
Outlook
Y-1 to B-0 should now acts as support zone. The bull flag in ES on daily chart is now complete and any upside breakout of the flag points to a minimum of retesting year high.
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