Trading Edges That Last
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Lawrence's Comment Recap Brexit effect controlling cable all week. FBO Y-1 in the beginning of the week sent cable back up to Y+1. Bull flag on 4 hours pullback to 1.44 round ...READ MORE3DP Odds Table (SPY) 2018-05-03Precog Vision – US Indices 2014-4-10US Market Pre-Open 2015-4-24Real-time Commentaries 2019-11-27GBPUSD May 23 to May 27 OutlookES Chart 2022-10-31Real-time Commentaries 2017-4-28Real-time Commentaries 2022-1-7Intraday Cycle Projection (ES) 2012-09-03Real-time Commentaries 2023-6-29
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S&P 500 May 06 to May 10 Outlook
Lawrence’s Comment
Breached Y+1 early in the week and then consolidated above previous week close. NFP report lifted ES up to Y+2. Closed the week above midpoint and near week high.
Outlook
Strong breakout above year high. A retest of the former year high is in order. The question is whether the retest is done with a slow pullback or a quick flush back down below B-0. If B-1 is breached this week, we have a FBO on weekly that points to the end of this rally.
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