This is a simple walk-thru of what happened during the day on Feb 27, 2014 on Emini S&P. It illustrates a way to utilize data from multiple timeframes to identify ...
Lawrence's Comment
Recap
Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint.
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S&P 500 May 30 to Jun 03 Outlook
Lawrence’s Comment
Y-0 support started a squeeze as expected. Y+1 and Y+2 targets tagged easily. Closed the week above Y+2 and near week high.
Outlook
Consolidation play until NFP Friday. Shorten trading week and start of summer season points to reduced liquidity with more erratic moves.
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