Trading Edges That Last
- You May Also LikeESNQAH High1372.752721.75AH Mid1368.002713.25AH Low1363.252704.75READ MORE
Lawrence's Comment Recap Aussie held Y-0 and gave us upside breakout. No FBO implies normal breakout target Y+3 in play. Y+3 tagged later in the week. Closed the week above Y+2 and ...READ MOREOverview Emini overnight range 1886.50 up to 1904.25 Overnight Midpoint 1895.50 Previous Week Mid 1853.25 Emini S&P is now trading at the bottom part of its range with a large gap ...READ MORELawrence's Comment Recap As stated last week, stairstep rally in place. Upside target of Y+2 tagged by end of the week. Outlook Stairstep rally is very difficult to snap out of, thus it ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREOverview Emini overnight range 2181.25 to 2186.25 (at 9:00 am) Overnight Midpoint 2183.75 Previous Week Close 2178.50 Battleplan for the Day (premium member only content below)READ MOREOverview Emini overnight range 2100.25 to 2121.50 (at 9:00 am) Overnight Midpoint 2111.00 Previous Week Close 2120.50 Battleplan for the Day (premium member only content below)READ MOREUS Market Pre-Open 2012-4-12AUDUSD Mar 31 to Apr 04 OutlookEmini S&P Battleplan Jan 25, 20163DP Odds Table (SPY) 2015-02-17GBPUSD Oct 31 to Nov 04 Outlook3DP Odds Table (SPY) 2019-05-213DP Odds Table (SPY) 2013-11-29Precog Vision – US Indices 2011-3-28Emini S&P Battleplan Sep 7, 2016Emini S&P Battleplan Sep 12, 2016
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S&P 500 Oct 12 to Oct 16 Outlook
Lawrence’s Comment
ES gapped higher and zoomed to Y+2 right from the start. This opened the door to gap and go week with Y+3 target. ES traded in tight range drifting up until former resistance was finally cleared. Closed the week above Y+2 and near week high.
Outlook
Y+3 target still in play and can be tagged early this week. B+1 / Y+3 resistance zone points to pullback potential back down to B-0 and below. The rally last week was the strongest of its kind over the past several years. It is difficult to access whether it is the start of a mega rally or an exhaustion move off a tired bear market.
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