Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High3825.0011696.75AH Mid3820.1311682.75AH Low3815.2511668.75READ MOREGBPUSD Mar 08 to Mar 12 OutlookUSDCAD Nov 18 to Nov 22 Outlook3DP Odds Table (ES) 2014-07-01Real-time Commentaries 2016-5-4Real-time Commentaries 2021-12-8Intraday Cycle Projection (ES) 2023-05-02Dow 30 Apr 24 to Apr 28 OutlookPrecog Vision – US Indices 2015-11-9US Market Pre-Open 2022-6-303DP Odds Table (SPY) 2011-06-29
As Featured In
S&P 500 Dec 31 to Jan 04 Outlook
Lawrence’s Comment
What normal up drift? That bias was thrown out of the window right on Monday. Wednesday gapped higher and that defined the high of the week. Tagged Y-1 and bounced off a little. Just to drop again to get to Y-2 in 1 go. Another stronger bounce due to rumors spreaded by the politicians. That did not help as selloff resumed right after. Closed the week at the low near Y-2.
Outlook
After 4 pm close, ES actually flushed down to low 1380s. Hence the chart is not as bearish as it should look like. 1370 is measured move target which should provide some support. Tricky situation as the markets can all move swiftly once a deal is done. News driven market is not known to be friendly environment for daytraders.
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