Trading Edges That Last
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Lawrence's Comment Recap Consolidated around Y+1. Less than 50% range of week prior to last. Closed the week below Y+1 and midpoint. Outlook ES is weaker than NQ. It is structurally much weaker ...READ MORE3DP Odds Table (SPY) 2012-01-04Precog Vision – US Indices 2019-7-29Hot n Cold (ES) 2012-5-23EURUSD Oct 03 to Oct 07 OutlookIntraday Cycle Projection (ES) 2012-07-17Real-time Commentaries 2020-7-13ES Chart 2001-10-05Weekly Cycle Projection (SPY) 2017-02-27S&P 500 Feb 13 to Feb 17 OutlookIntraday Cycle Projection (SPY) 2019-03-25
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S&P 500 Jan 07 to Jan 11 Outlook
Lawrence’s Comment
Similar to Dow, ES pushed the envelope all the way. It exceeded Dow in terms of volatility during the holiday season. Closed the week near week high and above Y+3.
Outlook
ES does not have a rising wedge in place like Dow so the weaknesses is not as obvious.
If ES spends majority of the week sitting around B+1 and capped below Y+4, will be looking for a swing short back down to Y+2. Need NQ and Dow to go in sync or the short side will not stand a chance.
The less likely scenario is that ES clearing 1470 in 1 go, that stage a melt up to 1500.
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