Trading Edges That Last
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Review of Forecast for Nov 9, 2015 Sharp pullback with intraday volatility picking up as forecasted. The projected 5% pullback still in progress. The breadth analog model did an excellent job ...READ MORELawrence's Comment Recap Got the pullback/ Yet not quite down to Y-0. Got the rally to new high, yet not quite up to the target Y+2. Behaved like a consolidation week in ...READ MOREESNQAH High1460.252866.00AH Mid1456.882859.88AH Low1453.502853.75READ MOREUS Market Pre-Open 2018-9-25US Market Pre-Open 2016-1-21S&P500 Short Term Market Breadth Analog Forecast StartingGBPUSD Aug 19 to Aug 23 OutlookGBPUSD Nov 30 to Dec 04 Outlook3DP Odds Table (SPY) 2019-08-08US Market Pre-Open 2012-9-21Real-time Commentaries 2016-2-23ES Chart 2021-11-15Weekly Cycle Projection (SPY) 2020-06-08
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S&P 500 Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Flushed down to Y-2 and found support. Gapped higher to test Y-1 and stalled. Swinged around Y-1 while waiting for NFP. NFP Friday open held the open gap below and forced a run back up to Y-0 and above. Closed the week above Y-0 and near week high.
Outlook
Reversal setup in place on intraday timeframes. Daily down trend broken. Until a new trend is formed it will be difficult to trade in coming weeks. Strong resistance at 1960s with support down at Y-1 / B-0. External factors will play an important role here in deciding the next swing level direction.
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