Trading Edges That Last
- You May Also LikeES is significantly weaker than NQ in terms of price action. NQ has not broken its OR. Extreme tick selling not leading to gap fill by noon is not ...READ MORE
Lawrence's Comment Recap Suffered same problem like Dow. No holding strength at intraday support levels at all. Did not find real support until 100% range expansion. Closed the week below Y-0 and ...READ MOREESNQAH High1997.504077.50AH Mid1992.634066.13AH Low1987.754054.75READ MOREReal-time Commentaries 2023-6-203DP Odds Table (ES) 2021-01-273DP Odds Table (SPY) 2011-07-28ES Chart 2017-03-013DP Odds Table (ES) 2019-05-17Lunch hour weaknesses in ES not reflected inS&P 500 Jul 14 to Jul 18 OutlookS&P 500 Dec 27 to Dec 31 OutlookUS Market Pre-Open 2014-8-25Weekly Cycle Projection (ES) 2016-04-25
As Featured In
S&P 500 Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Bearish expectation played out. Downside target Y-2 tagged. Closed the week below Y-1 and midpoint.
Outlook
Similar to NQ, ES is potentially forming a daily down trend. Bulls will do all they can do stop that from happening. A flush low early in the week can lead to a strong bounce breaking above Y-1 / B-0 to terminate the potential but it will just be no trend for the coming months. Test of B-1 likely.
Share