Trading Edges That Last
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Lawrence's Comment Recap Started the week holding Y-0. Upside breakout tagged target Y+2 and stalled. Struggled to hold Y+1 since. Closed the week above Y+1 and near midpoint. Outlook 1.13 and above ...READ MORE
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S&P 500 Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Consolidation actions around Y+1 as expected. NFP did not produce a directional move outside of the consolidation range hence no range expansion play. Closed the week near Y+1 and above midpoint.
Outlook
Ledge actions near Y+1 is bullish. A push towards previous year high potential is there but that may also be the last push higher staging a very sharp drop back down to deal with the open gaps below around Y-0 then Y-1.
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