Trading Edges That Last
- You May Also LikeESNQAH High4240.0014278.50AH Mid4237.7514271.38AH Low4235.5014264.25READ MOREESNQAH High2186.754825.50AH Mid2185.884823.88AH Low2185.004822.25READ MORE
Lawrence's Comment Recap 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 ...READ MORELawrence's Comment Recap Strong breakout above 1.33 did not happen. Instead, a w. upthrust against Y+1 happened early in the week. That put Y-0 and Y-1 into play. Closed the ...READ MORE
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S&P 500 Sep 21 to Sep 25 Outlook
Lawrence’s Comment
Y-0 did not act as resistance giving way to a test of Y+1. 100% absolute range expansion completed right before FOMC announcement. Strong reaction after and sent ES back down to where it started. Closed the week below Y-0 and near week low.
Outlook
Y-0 / B-0 now strong resistance. A break below B-1 points to B-2 in play.
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