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Lawrence's Comment Recap Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low. Outlook Y-0 is still in ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREIntraday Cycle Projection (SPY) 2021-05-063DP Odds Table (ES) 2012-05-22Real-time Commentaries 2012-8-293DP Odds Table (ES) 2012-01-05GBPUSD Feb 24 to Feb 28 OutlookPrecog Vision – US Indices 2013-11-19Intraday Cycle Projection (SPY) 2019-12-04Real-time Commentaries 2016-1-123DP Odds Table (SPY) 2014-07-25Dow 30 Jul 04 to Jul 08 Outlook
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S&P 500 Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Bearish expectation played out. Downside target Y-2 tagged. Closed the week below Y-1 and midpoint.
Outlook
Similar to NQ, ES is potentially forming a daily down trend. Bulls will do all they can do stop that from happening. A flush low early in the week can lead to a strong bounce breaking above Y-1 / B-0 to terminate the potential but it will just be no trend for the coming months. Test of B-1 likely.
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