Trading Edges That Last
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As Featured In
S&P 500 Nov 07 to Nov 11 Outlook
Lawrence’s Comment
News shock interrupted the parabolic up swing in ES. The strength in the index, however, forced another rally from Y-1 back up to above Y-0 before it stalled. Closed the week below Y-0.
Outlook
Multiple gaps above and below, meaning any news shock again will send ES to complete the gap in the direction where the news is forcing the market to.
Price structure says breaking B-0 points to a quick dive to B-1.
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