Trading Edges That Last
- You May Also LikeESNQAH High2134.754798.75AH Mid2132.754794.38AH Low2130.754790.00READ MORE
Lawrence's Comment Recap As expected, ninja retested Y-1. Yet, it failed to hold above Y+1 as support, leading to retest of Y-0 / previous week close. Consolidated since. Closed the week below ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High2101.754634.25AH Mid2100.254627.25AH Low2098.754620.25READ MOREUS Market Pre-Open 2016-9-20Weekly Cycle Projection (ES) 2022-02-28Nasdaq 100 Dec 26 to Dec 30 Outlook3DP Odds Table (SPY) 2011-07-123DP Odds Table (ES) 2019-09-11Hot n Cold (SPY) 2022-7-8USDJPY Sep 16 to Sep 20 Outlook3DP Odds Table (SPY) 2013-08-21Precog Vision – US Indices 2013-2-7US Market Pre-Open 2015-7-24
As Featured In
S&P 500 Jul 02 to Jul 06 Outlook
Lawrence’s Comment
News shock from the start of the week failed to damage the bullish technical pattern I mentioned last time. Somehow Y-2 was never tagged in that flush on Monday. Then a double bottom was formed and squeezed higher. Another news shock to force ES lower yet this time cannot even push it down to week low. By the end of the week, a multi-stage news shock sent ES straight up to Y+1. Closed the week at the high.
Outlook
If B+1 failed to act as resistance, Y+2 to B+2 in play. The dramatic turns of events last week has trapped many bears, making it possible to go much higher. All it takes could be just a minor news shock.
Share