S&P 500 Dec 26 to Dec 30 Outlook

Recap
As indicated in the comments for Dow, we got the sell climax reading in breadth on Monday and that marked the end of the selloff. Rallied all the way almost to our upside target of B+2. Not reaching that for a good reason because ES has reached 150% absolute range expansion there. Closed the week at its high.

Outlook
Consolidation this week between Y+1 upto Y+2. If ES continue to zoom up quickly to Y+3, then a sharp selloff is in play in last 2 trading days of the year.