Trading Edges That Last
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Lawrence's Comment Recap As expected, the choopy run up was not sustainable and Dow fell off a cliff back down to Y-1 right from the start. It then consolidated around Y-1. Closed ...READ MOREOverview Emini overnight range 2110.00 up to 2087.50 (at 9:10 am) Overnight Midpoint 2098.75 Previous Week Close 2093.75 Emini S&P is now trading at the top part of its range with ...READ MOREDow 30 Feb 02 to Feb 06 Outlook3DP Odds Table (SPY) 2017-01-133DP Odds Table (ES) 2022-08-25ES Chart 2002-08-26Emini S&P Battleplan Jul 8, 20163DP Odds Table (SPY) 2018-12-12Real-time Commentaries 2013-8-9Intraday Cycle Projection (SPY) 2015-05-01Weekly Cycle Projection (SPY) 2022-06-06ES Chart 2018-11-28
As Featured In
S&P 500 Nov 16 to Nov 20 Outlook
Lawrence’s Comment
ES smply gap down and break Y-1 right off the start. This opened the door to Y-2. ES struggled to hold up with a bear flag and eventually gave in to tag Y-2 and could not find support until 200% absolute range expansion was reached. Closed the week below Y-4 and at week low.
Outlook
Situation complex due to the event happened in Paris. Potential flight to safety that can break Euro hard and help strengthen US dollar even more. This in turn can force ES to flush down to 2000 round number first before player would re-evaluate the situation.
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