Trading Edges That Last
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Lawrence's Comment Recap The bounce to Y-0 scenario unfolded exactly as described last week. The wait and see part at Y-0 turns into the bearish setup of trading below Y-1, pointing ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
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S&P 500 Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Sold off to Y-2 as expected. The strong rally, however, all the way back up to Y-0, was quite amazing. Closed the week below Y-0 after failing to stay above that.
Outlook
Down trend intact. Going back down to B-0 is likely.
Breaking below B-0 will open the door to B-1 and B-2.
A rare scenario is that Y-2 turning into support (which is also the double bottom neckline area), that can stage a rally finally breaking this down trend on daily timeframe.
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