Trading Edges That Last
- You May Also LikeESNQAH High2098.254428.00AH Mid2096.634424.00AH Low2095.004420.00READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
Lawrence's Comment Recap Pulled back to resistance area and sold off again to restest Y-1. Then failed to push above the midpoint of the week at that time and resulted ...READ MOREContentReviewEuro on Its Way to Find Its Long Term BottomS&P Down Trend EstablishedGold Upside BreakoutBitcoin Struggling to Form a Bottom10-Year Note Yield SmashedBig Picture SummaryReviewEuro not able to clear the ...READ MORELawrence's Comment Recap A week of pure up drift. ES opened above Y+1 and started to levitate. Y+2 target reached in slow motion. 50% range reached by the end of the week ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREUS Market Pre-Open 2015-5-13Real-time Commentaries 2015-5-7Precog Vision – US Indices 2018-1-30Hot n Cold (SPY) 2012-9-7AUDUSD Nov 21 to Nov 25 OutlookHot n Cold (ES) 2011-7-20MBO Issue 123 (March 2022) SNAFU 2S&P 500 Jun 02 to Jun 06 OutlookUSDCAD Aug 29 to Sep 02 OutlookPrecog Vision – US Indices 2016-7-19
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S&P 500 Sep 30 to Oct 04 Outlook
Lawrence’s Comment
ES spiked down to Y-1 and then tried to hold it since. Dow’s all out collapse dragged ES lower and forced ES to consolidate around Y-1. ES closed the week below Y-1 and midpoint.
Outlook
Chart pattern not as bearish as Dow. Better say it is in a mess due to the strength in NQ and weaknesses in Dow pulling it 2 ways.
ES can easily drop to B-2 and B-3 as there is really no support below B-1.
Once ES trades above B-0, the shorts from last week will be squeezed hard putting B+1 and above potential targets.
Swing plays will be difficuly while daytrade opportunities are better this week.
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