Trading Edges That Last
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Lawrence's Comment Recap As expected euro strength continues. The normal consolidation of 50% previous week range also happened, this time above Y+1. Closed the week at Y+1 and below midpoint. Outlook As ...READ MOREESNQAH High1420.002793.00AH Mid1416.882786.38AH Low1413.752779.75READ MOREESNQAH High1871.503566.50AH Mid1866.253553.88AH Low1861.003541.25READ MORE
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S&P 500 Dec 26 to Dec 30 Outlook
Lawrence’s Comment
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.
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