Recap All week updrift from near Y-0 fitted the NFP play perfectly. Y+2 target tagged without any real resistance. Clsoed the week near Y+2 and above midpoint.
Outlook Parabolic run usually marks the short term top. It is especially reliable when the trend was in place for prolonged duration. A drop back down to Y+1 and below is in order if we get FBO B+1 or that ES simply cannot clear B+1.
Lawrence's Comment
Recap
Broken below our support zone, but successfully staged a double bottom to blast the price up right underneath. That puts Y-0 into play. Reached Y-0 in midweek and ...
Many traders have heard of Advance Decline Line. It is even reported in major financial news media. Most of the time, people focus on the divergence of the index levels ...
S&P 500 Mar 07 to Mar 11 Outlook
Lawrence’s Comment
All week updrift from near Y-0 fitted the NFP play perfectly. Y+2 target tagged without any real resistance. Clsoed the week near Y+2 and above midpoint.
Outlook
Parabolic run usually marks the short term top. It is especially reliable when the trend was in place for prolonged duration. A drop back down to Y+1 and below is in order if we get FBO B+1 or that ES simply cannot clear B+1.
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