Recap Similar to Dow but weaker. S&P can only muster up 100& absolute range expansion. Closed the week above Y+2 and near week high.
Outlook Unusual circumstances implies uncertainty ahead. It is better to wait for a day or two to see if the reaction to BOJ’s actions is too much. If so a pullback is in order.
Overview
Emini overnight range 2087.50 up to 2092.50 (at 8:50 am)
Overnight Midpoint 2090.00
Previous Day Close 2087.75
Emini S&P is now trading at the top part of its range with ...
S&P 500 Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Similar to Dow but weaker. S&P can only muster up 100& absolute range expansion. Closed the week above Y+2 and near week high.
Outlook
Unusual circumstances implies uncertainty ahead. It is better to wait for a day or two to see if the reaction to BOJ’s actions is too much. If so a pullback is in order.
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