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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
My company:
DaytradingBias.com
My blog:
The Lawrence Chan Blog
My book:
5 Things You Must Know To Beat The Stock Market
  • Expectations For Fri May 4, 2012 1 comment
    May 4, 2012 9:02 AM | about stocks: SPY

    NFP already released. Almost 9 am ET now.

    ES at 83 at the moment, a test of previous day low is in play at 85. With 2 gaps to deal with (1 above and 1 below) it can be quite difficult.

    Fail to hold 85 as support will force ES back down to gap top below at 80 and AH low 78. That is last line of defense for bull because gap fill below means 68-70 is next.

    Stocks: SPY
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    Author’s reply » Got 70 and bias used up. =)
    4 May 2012, 11:04 AM Reply Like
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