Review of Forecast for Oct 31, 2016
Attempted to bounce on Monday as expected. Dropped to 1.5% and opened the door to 2.5% downside move as forecasted. NFP Friday slowed down ...
Lawrence's Comment
Recap
50% previous week range consolidation. Happens often after an initiate reversal. Closed the week near midpoint.
Outlook
A run to B+1 will trigger a run to Y+1, B+2 and ...
Lawrence's Comment
Recap
Colsolidation around Y-1 until FOMC announcement. Test of 1.31 round # failed and led to equal distance drop down to week low. Closed the week below Y-1 and midpoint.
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S&P 500 Dec 04 to Dec 08 Outlook
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