Trading Edges That Last
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Lawrence's Comment Recap Pushed higher to the resistance zone as mentioned last week and sold off from there. Gapped down to Y-0 eventually but buying below forced ES back up. Closed the ...READ MOREESNQAH High1290.002371.50AH Mid1282.252358.88AH Low1274.502346.25READ MOREOverview Emini overnight range 1855.75 up to 1892.00 Overnight Midpoint 1874.00 Current Week Mid 1896.25 Emini S&P is now trading at the top part of its range with a large gap ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREPrecog Vision – US Indices 2013-2-203DP Odds Table (SPY) 2021-03-30S&P 500 Mar 28 to Apr 01 OutlookUS Market Pre-Open 2012-1-10Intraday Cycle Projection (ES) 2022-01-06AUDUSD Apr 12 to Apr 16 OutlookEmini S&P Battleplan Jan 22, 2016MBO Issue 82 Special Update: Important Update on3DP Odds Table (ES) 2019-07-03Precog Vision – US Indices 2019-10-15
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S&P 500 Jun 24 to Jun 28 Outlook
Lawrence’s Comment
Breakout to the downside after failure to clear the upside resistance. ES tagged the downside target mentioned last week perfectly and then bounced. Closed the week below B-0 and near Y-2.
Outlook
Short term (below daily level timeframes) oversold pointing to potential bounce off B-1 if it can successfully fend off the selling early in the week. Upside target back to B-0 area.
Longer term setup suggest that B-0 upto the gap fill level is now strong resistance zone that should not be breached until B-2 (or around 1540) is tagged. See this post to understand why.
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