Trading Edges That Last
- You May Also LikeESNQAH High1261.752341.50AH Mid1253.502327.13AH Low1245.252312.75READ MORE3DP Odds Table (ES) 2020-12-02Intraday Cycle Projection (SPY) 2017-02-03Real-time Commentaries 2012-8-93DP Odds Table (ES) 2021-12-213DP Odds Table (SPY) 2014-02-27Intraday Cycle Projection (ES) 2017-12-28ES Chart 2008-01-22Weekly Cycle Projection (SPY) 2019-11-25US Market Pre-Open 2011-12-6Intraday Cycle Projection (ES) 2016-07-13
As Featured In
S&P 500 Week of Oct 25 – 29 Outlook
Recap of last week
Tag of 1180 first done on Monday as expect. News shock on Tuesday leads to 100% expansion to the downside based on Monday range. Wednesday news shock again bounced off 50% downside expansion area leading to retest of Monday high. The expansion stopped exactly at 200% from the initial move (purple).
Previous week high breached but failed to close above that and stuck within Monday’s range to close.
Next week outlook
No significant directional bias for coming Monday as the week finished directionless by close.
Longer term zone of interest, however, stays at 1200 to 1216 for ES. See the chart below.
Top blue line is Sep high. The matching orange line is its 50% upside expansion target. S&P so far tested Sep high and rejected that from above. 1200 is now a likely target.
Share