Trading Edges That Last
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Lawrence's Comment Recap Zoomed higher to Y+2 and consolided since. Later in the week, drifted higher and eventually breakout to the upside. Closed the week at week high and above Y+3. Outlook Out of ...READ MORELawrence's Comment Recap Got downside breakout which was the side with better odds. Tagged Y-2 target and consolidated since. Closed the week above Y-2 and below midpoint. Outlook Notice the way it drops is ...READ MOREESNQAH High1872.503706.50AH Mid1867.633696.38AH Low1862.753686.25READ MORE
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S&P 500 Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Similar to Dow but weaker. S&P can only muster up 100& absolute range expansion. Closed the week above Y+2 and near week high.
Outlook
Unusual circumstances implies uncertainty ahead. It is better to wait for a day or two to see if the reaction to BOJ’s actions is too much. If so a pullback is in order.
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