Recap Similar to Dow but weaker. S&P can only muster up 100& absolute range expansion. Closed the week above Y+2 and near week high.
Outlook Unusual circumstances implies uncertainty ahead. It is better to wait for a day or two to see if the reaction to BOJ’s actions is too much. If so a pullback is in order.
Lawrence's Comment
Recap
Dow gapped down to longer term critical support level and rallied from there since. Although Dow has tried hard to push higher it did not get Y-0 at the ...
S&P 500 Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Similar to Dow but weaker. S&P can only muster up 100& absolute range expansion. Closed the week above Y+2 and near week high.
Outlook
Unusual circumstances implies uncertainty ahead. It is better to wait for a day or two to see if the reaction to BOJ’s actions is too much. If so a pullback is in order.
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