Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, looking for a rally to 1300 and we got that, plus a lot more. 1300 turned into support and helped to send ES ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREPrecog Vision – US Indices 2015-2-25Precog Vision – US Indices 2012-11-7Real-time Commentaries 2020-2-12US Market Pre-Open 2020-8-273DP Odds Table (ES) 2013-06-12S&P 500 Jul 04 to Jul 08 OutlookPrecog Vision – US Indices 2019-3-22ES Chart 2007-04-27Precog Vision – US Indices 2013-2-6Intraday Cycle Projection (ES) 2012-10-24
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S&P 500 Jun 11 to Jun 15 Outlook
Lawrence’s Comment
Similar to Dow, the bear trap built on Monday caught many bears by surprise and forced them to give up. The gap above, however, capped the rally. Bounced off Y-0 and closed the week near week high.
Outlook
Any positive news will send this through the roof as shorts from past several weeks are all at best selling around B+1 / Y+1. Bears are trapped on weekly timeframe.
If the gap can act as resistance once more, a slide down to B-0 is likely.
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