Trading Edges That Last
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Lawrence's Comment Recap First test of year high led to a pullback to Y-0 but no break of support. 2nd try did the trick and sent ninja to above Y+2. That in ...READ MORELawrence's Comment Recap Breakout to the down side. Tagged B-1 downside target. Not quite pullback. More like price shock due to the way gold moved last week. Closed the week near week ...READ MORELawrence's Comment Recap As expected, cable moved back down to Y-1 first. Sadly, the bounce off Y-1 failed to push cable above the week high and led to one more flush back ...READ MORE
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S&P 500 Jan 25 to Jan 29 Outlook
Lawrence’s Comment
Y-0 resistance sent ES lower. Attempt to hold above Y-1 failed and resulting in a gap down that sparked a flush to Y-2 downside target. Strong reversal from there led to retest of Y-0. Closed the week near Y-0 and week high.
Outlook
More upside likely with strong support at B-0 / Y-1. B+2 in play as long as support zone holds.
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