Trading Edges That Last
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Lawrence's Comment Recap Consolidation around the closing price as expected. It is within the 100% range of the week before last too. Closed the week below Y-1 and above midpoint. Outlook The ...READ MORELawrence's Comment Recap Aussie flushed to almost Y-2 before snapping back up to above Y-0 and then consolidated for the rest of the week. Closed the week above Y-1 and midpoint. Outlook Gold did ...READ MORELawrence's Comment Recap Majority of the week was trapped within Y-0 to Y+1 as expected. The disaster just happened has brought the pair back down to Y-1 to close. Outlook It is not ...READ MORES&P 500 Jul 29 to Aug 02 OutlookUS Market Pre-Open 2012-9-43DP Odds Table (SPY) 2016-12-293DP Odds Table (ES) 2018-03-01USDJPY Apr 08 to Apr 12 OutlookUSDJPY Sep 01 to Sep 05 OutlookAUDUSD Mar 11 to Mar 15 OutlookIntraday Cycle Projection (ES) 2018-01-19Intraday Cycle Projection (ES) 2011-10-12USDJPY Mar 14 to Mar 18 Outlook
As Featured In
S&P 500 Oct 06 to Oct 10 Outlook
Lawrence’s Comment
Gapped down to Y-1 yet found an excuse to move back up to Y-0. Failed to clear Y-0 and fell straight down to Y-3. The reversal was as impressive as the drop – straight back up to Y-1. Closed the week near Y-1 and above midpoint.
Outlook
Range expansion with close near Y-1 is not bullish. So it is not a sign of bullish reversal. It will take ES to hold Y-2 and then clearing the week close to break the down trend.
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