Trading Edges That Last
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As Featured In
S&P 500 May 21 to May 25 Outlook
Lawrence’s Comment
No rally in the beginning of the week sealed the downside move to Y-3. What I did not expect was that bounce actions were so weak on Thursday and Friday. Closed the week at the week low.
Outlook
Been a long while for such a bearish trend sell week to happen.
Not looking for a lot more down side as sellers could be exhausted temporarily. Consolidation week with 50% range of previous week is the likely outcome.
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