Trading Edges That Last
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As explained in last update on Emini S&P, the up channel breakdown will lead to a quick drop back down. Here is the same chart I posted back on ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREES Chart 2006-04-28Real-time Commentaries 2016-2-16Real-time Commentaries 2011-9-153DP Odds Table (ES) 2018-04-09Real-time Commentaries 2013-10-21SPY Rejected Upside Resistance May 27, 2015Precog Vision – US Indices 2016-5-18ES Chart 2015-06-02ES Chart 2010-07-06Intraday Cycle Projection (ES) 2023-04-11
As Featured In
S&P 500 Nov 10 to Nov 14 Outlook
Lawrence’s Comment
Pullback over first 2 days and then NFP week pattern took over. Closed the week above Y+1 and midpoint.
Outlook
Thin rising channels do not last. They are also often important swing top for daily level swings. Watch for sudden take down to 2000 and below. It is not necessary the beginning of something serious, just realignment of inventories.
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