Trading Edges That Last
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Lawrence's Comment Recap Euro shot higher as expected to the target zone after going sideway earlier in the week. Closed above Y+1 and midpoint. Outlook Euro finally entered its longer term reisstance zone and ...READ MOREReal-time Commentaries 2012-5-25ES Chart 2008-03-173DP Odds Table (SPY) 2017-05-173DP Odds Table (ES) 2014-07-24Weekly Cycle Projection (SPY) 2015-10-05AUDUSD May 01 to May 05 OutlookReal-time Commentaries 2011-9-20ES Chart 1999-10-15EURUSD Mar 21 to Mar 25 OutlookIntraday Cycle Projection (SPY) 2017-11-27
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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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