Trading Edges That Last
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S&P 500 Sep 01 to Sep 05 Outlook
Lawrence’s Comment
Similar to Dow, ES was having its consolidation week. Traded equal distance from its open. Closed the week above Y+1 and near week high.
Outlook
B+1 resistance points to at least retest of B-1 and likely below B-2. It is not necessary an important top, just that the price distribution needs some re-balance before ES can decide which way to go.
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