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Lawrence Chan
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Lawrence Chan is a professional trader for well over 20 years. He is known for his research work in custom market breadth analysis and advanced analytical techniques on index and forex markets. His breakthrough research in market breadth analysis is incorporated into the trading platform... More
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  • Expectations For May 3, 2012 1 comment
    May 3, 2012 8:38 AM | about stocks: SPY

    10 minutes before 8:30 am report - The mildly bearish structure on emini S&P is not broken.

    As long as 1402-1405 acting as resistance by RTH open, looking for a drop back down to at least midpoint yesterday.

    The rest of the downside targets for the day are previous day low around 90, then 85 and below 80.

    Themes: daytrading Stocks: SPY
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  • Lawrence Chan
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    Author’s reply » Got midpoint. From here the odds to go lower will be weaken.
    3 May 2012, 10:40 AM Reply Like
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