Trading Edges That Last
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Lawrence's Comment Recap My question last week was answered the moment NQ gapped up above its Y-0. That killed the chance to go lower and provided a platform for Dow to hold ...READ MORELawrence's Comment Recap Aussie breached Y-0 and gave us a nice drop to Y-1. Failed to hold Y-1 and broke down to Y-2 and then Y-3 before it could bounce. Y-2 resistance ...READ MORELawrence's Comment Recap Further compression happened. Price broken down to Y-2 resulted in a strong bounce from Y-2 twice. However, closed the week at midpoint below Y-1. Outlook Clearly intervention at this 76 ...READ MORES&P 500 Jan 20 to Jan 24 OutlookIntraday Cycle Projection (ES) 2022-02-233DP Odds Table (ES) 2019-11-19Dow 30 Sep 09 to Sep 13 OutlookIntraday Cycle Projection (SPY) 2017-01-23Intraday Cycle Projection (ES) 2019-07-31AUDUSD Sep 15 to Sep 19 OutlookUSDJPY Sep 26 to Sep 30 Outlook3DP Odds Table (ES) 2018-12-14Intraday Cycle Projection (ES) 2013-01-09
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S&P 500 Feb 09 to Feb 13 Outlook
Lawrence’s Comment
The bullish reversal scenario happened. Cleared Y+1 quickly but failed to close above. Closed the week above Y-0 and midpoint.
Outlook
In order to continue matching higher, ES must hold Y-0 / B-0 support. A consolidation week where ES stuck inbetween Y+1 and Y-0 will be likely and it is one of the bullish scenarios going forward.
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