Trading Edges That Last
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Lawrence’s Comment
ES tried to zoom higher but failed to hold above Y-0 as support. ES dropped to Y-1 eventually and bounced. V-reversal carried ES straight up to make new high for the week. Closed the week above Y-0 and midpoint.
Outlook
As long as B-0 / Y-0 holds, ES can push for more upside. Y+1 / B+2 are reasonable upside target.
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