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ContentReviewEuro Right Shoulder Support CrumbledS&P Seasonal Correction BeginsGold on Track Going HigherBig Picture SummaryReviewEuro failed to hold the 1.12 area support and flushed to my target 1.104 area.S&P topped out ...READ MOREPivot Point in day trading refers to the average of the previous session’s high, low and close. A set of other price levels are derived from the pivot point as ...READ MORELawrence's Comment Recap Took out Y-1 at the start of the week and recovered. A false breakout of one extreme points to the potential of tagging the other side in ...READ MORELawrence's Comment Recap Previous week close acted as resistance, gave us a quick drop back down to Y-0. Bounced from Y-0 yet failed again to clear previous week close told us Dow ...READ MOREOverview Emini overnight range 2114.75 to 2130.50 (at 9:00 am) Overnight Midpoint 2122.50 Previous Week Close 2121.25 Battleplan for the Day (premium member only content below)READ MOREMBO Issue 92 (Aug 2019) Enter the HighES Chart 2007-06-14The Ever Confusing Emini S&P Pivot Point SupportDow 30 Feb 06 to Feb 10 OutlookDow 30 Mar 17 to Mar 21 OutlookES Chart 2005-05-03Real-time Commentaries 2023-8-24ES Chart 2009-05-12Intraday Cycle Projection (SPY) 2013-03-12Emini S&P Battleplan Oct 31, 2016
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SPY Reacted to Resistance Zone Dec 17, 2015
End-of-day update: SPY reacted to the resistance zone and closed bearishly. Yet, the war is not over until Friday close.
The down channel is adjusted off the high print today. The original chart can be found from my commentary made on Dec 15, 2015. Notice that now the downside target is perfectly aligned.
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