Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MORE
Lawrence's Comment Recap Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint. Outlook Sideway action after directional drop points to more downside. Until ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREEmini Night Owl Short Play trading system is designed to take advantage of the overnight range expansion behaviour mentioned in the Emini S&P Afterhours Behaviour series. This model has strict ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREPrecog Vision – US Indices 2012-3-20ES Chart 2011-11-23GBPUSD Jul 04 to Jul 08 OutlookPrecog Vision – US Indices 2017-7-27Overnight Bias: Emini Night Owl Short PlayIntraday Cycle Projection (ES) 2013-04-15Real-time Commentaries 2012-8-17Intraday Cycle Projection (SPY) 2015-09-22Precog Vision – US Indices 2018-1-2Real-time Commentaries 2022-7-14
As Featured In
S&P 500 Dec 24 to Dec 28 Outlook
Lawrence’s Comment
ES acted as bullish as it can be as expected last week. But that strength disappeared when the fiscal cliff talks taking over the media. During Thursday night we have limit down on ES for several minutes. Closed the week near midpoint and above Y-0.
Outlook
Without the limit down print showing in the regular trading session (RTH), ES looks more bullish than it supposed to be. That means the RTH only pattern suggested a run to at least Y+1 area.
With the limit down taken into consideration, as long as B-0 acting as resistance on daily close basis, we will get a drop to B-2. And that can happen very fast.
I am leaning towards a non-event week with updrift towards Y+1. Not that I am bullish but end of year is known for its up drift bias.
Share