Trading Edges That Last
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Lawrence's Comment Recap Consolidation around previous week close at 50% range. End of week rally took Dow back up. Closed the week above Y-1 and midpoint. Outlook Consolidation week with up close ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Reacted to the head and shoulders neckline initially and dropped quickly below Y-0. Then an all out rally took place and cleared Y+1 in 1 go. After ...READ MORE
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S&P 500 Jun 25 to Jun 29 Outlook
Lawrence’s Comment
Cleared Y+1 early in the week and tagged target Y+2 as expected. Bad news produced a shock taking ES back down to Y-0. Closed the week above Y-0 but below midpoint.
Outlook
News driven market. Consolidation with moves zooming to nearest price levels whenever news shock happens. No real direction.
Swing pattern based, as long as B-1 holds, ES should go higher with minimal target at B+1.
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