Trading Edges That Last
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Lawrence's Comment Recap Last week of the year consolidation actions in tight range. Closed the week near Y-1 and week low. Outlook Can develop into 4 hour down channel with B-2 down ...READ MORELawrence's Comment Recap As noise coming from various events dying down, normal behaviour came back. A breakout of Y+1 points to Y+2 target for the week. That was completed by Friday. Outlook The ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREGBPUSD Feb 12 to Feb 16 OutlookUS Market Pre-Open 2017-6-27USDCAD Jan 04 to Jan 08 OutlookDow 30 Apr 04 to Apr 08 Outlook3DP Odds Table (SPY) 2017-09-01S&P 500 Aug 31 to Sep 04 OutlookIntraday Cycle Projection (ES) 2011-09-05Precog Vision – US Indices 2022-12-15Real-time Commentaries 2021-4-30Intraday Cycle Projection (SPY) 2022-09-13
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S&P 500 Jul 11 to Jul 15 Outlook
Lawrence’s Comment
News driven market condition as noted in last week’s comment materialized. Messy price actions all week due to news / rumours yet our trusted NFP biases all worked out. Closed the week above Y+1 and near week high.
Outlook
Complex situation here as focus now mainly on US election. A swing top forming between B+1 to B+2 can cause very sharp drop back down to Y-0 and below. There are reasons that we see both strong run higher and steep selloff in coming weeks during this summer. Daytrading with mechanical biases would do fine in this environment but normal swing players may want to stay away from the indices for now.
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