Pulled back to yellow zone then took off and rally towards the green zone. Stalled at the previous target area, which is slightly below the green zone.
Next Week Outlook
The primary objective of the rally started from September is now completed for the year. Any further upside from now to beginning of next year will simply be distribution opportunities.
Again, due to the strong performance last week, the upside target zone (green zone) is again pushed higher. Holding above last week midpoint (yellow zone) will point to a rally towards the green zone. Tight range is expected for the whole week as it is the last trading week of the year.
S&P 500 Dec 27th to Dec 31st Outlook
Recap of Last Week
Pulled back to yellow zone then took off and rally towards the green zone. Stalled at the previous target area, which is slightly below the green zone.
Next Week Outlook
The primary objective of the rally started from September is now completed for the year. Any further upside from now to beginning of next year will simply be distribution opportunities.
Again, due to the strong performance last week, the upside target zone (green zone) is again pushed higher. Holding above last week midpoint (yellow zone) will point to a rally towards the green zone. Tight range is expected for the whole week as it is the last trading week of the year.
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