Trading Edges That Last
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US stock market special development requiring our attention this week. (premium member only content below)READ MOREReal-time Commentaries 2016-4-223DP Odds Table (SPY) 2018-04-17EURUSD Dec 25 to Dec 29 Outlook3DP Odds Table (ES) 2012-10-10Nasdaq 100 Oct 21 to Oct 25 OutlookReal-time Commentaries 2015-12-11Precog Vision – US Indices 2022-10-3ES Chart 2005-03-14Hot n Cold (SPY) 2012-4-9MBO Issue 62 (Feb 2017) Special Update: 10
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S&P 500 Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Gap above Y+1 at the start of the week forced another systematic squeeze on shorts. Tight range all week. At the final hours on Friday, rallied to close the week near its high.
Outlook
S&P so close to year high is it reasonable to expect not many people would reduce their long positions or start new short positions in front of that. So that staged 2 scenarios to unfold next week. Either a slow drift up to year high, or, an explosive one to take it out.
Both cases do not point to more upside beyond current year high by 1% to 2%.
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