S&P 500 Dec 30 to Jan 03 Outlook

By News Robot

Lawrence’s Comment

Recap
Got our consolidation-like range. Upside target of above mid-1830s printed. Closed the week above Y+1 and midpoint.

Outlook
Seasonal bullish bias used up at this point. No strong directional play until after new year.

Chart pattern suggests a retest of Y-2 is necessary. The issue is timing. Since next week is year end, I suspect the wild rides will probably start after new year.

Share

  • You must be logged in to comment. Log in