S&P 500 Nov 18 to Nov 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Pullback to Y-0. Perfect test of support then rally to Y+1 as expected. Cleared Y+1 easily. Breakout in place with Y+2 target taken out quickly. Drifted higher since. Closed the week above Y+2 and at week high.

Outlook
The bullish action was overdone. Consolidation actions expected for this week.

Y+2 and below has high probability to be tagged this week.

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