S&P 500 Feb 21 to Feb 25 Outlook

By News Robot

Lawrence’s Comment

8 to 10 points swings several times in RTH and in AH as expected. Taking out Y+1 but not quite Y+2 means a retest of Y+0 in store according to STOPD. The test of Y+0 should hold and lead to Y+2 target, and that happened as well. All in all a week playing out by the Option Expiration and STOPD rulebooks.

Just like NQ, it is the 2nd week with smaller range. Turning point or breakout mode in store, depending what you tools you are using to engage the market.
A quick melt up to B+3 is equally likely to a selloff to B-1. Not a good week to swing trade until better odds present themselves.


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