Trading Edges That Last
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S&P 500 Sep 07 to Sep 11 Outlook
Lawrence’s Comment
Similar to Dow and NQ, ES is trapped between Y+1 and Y-0. Gaps all over the place. Closed the week near Y-0 and below midpoint.
Outlook
Inside week with close near Y-0 gives us breakout mode. Hence on intraday basis, it will be easy to play once one boundary is rejected because we know ES will head for the other end. However, once a boundary is breached, Y+1 / B+1 or Y-0 / B-1, the price actions could become extremely volatile.
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