Trading Edges That Last
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Lawrence's Comment Recap As expected, a rally above Y-0 led to tagging of Y+1. That, however, failed to hold above Y-0 as support for any further upside. Closed the week below ...READ MORELawrence's Comment Recap Gap up in the beginning of the week. Then consistent selling all the way down to Y-2 as expected. Cannot get any better than that. Once 100% ...READ MORELawrence's Comment Recap Multiple news shocks caused both Loonie and Aussie to swing wildly. This week is a good example showing that when the participants are more emotional, you get the ...READ MOREReal-time Commentaries 2018-6-11Precog Vision – US Indices 2023-6-22US Market Pre-Open 2012-5-25Nasdaq 100 Jun 27 to Jul 01 OutlookES Chart 2010-10-28EURUSD Jun 04 to Jun 08 OutlookIntraday Cycle Projection (ES) 2021-01-22Real-time Commentaries 2011-6-6USDCAD Jul 18 to Jul 22 OutlookIntraday Cycle Projection (ES) 2021-07-06
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S&P 500 Jul 22 to Jul 26 Outlook
Lawrence’s Comment
What I said last week played out – “At best a 20 points pullback is all bears can hope for right now”. ES consolidated around Y+1 during this option expiration week. Closed the week near the week high and above Y+1.
Outlook
Another week setting the stage for one more parabolic run. That is in complete contrast to NQ as NQ has broken its up trend already. I am not sure if ES will be forced lower or would the momentum of ES will force NQ to go sideway or even drift up. Difficult week ahead for daytrading.
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