S&P 500 Jan 23 to Jan 27 Outlook

By News Robot

Lawrence’s Comment

Short squeeze in full force. 2x Month OR target tagged and paused since. Closed the week at week high.

ES closed above the 2X month OR. That opened the door to 3X target around B+3. That is possible but difficult to figure out how ES can get there without any rumors or news shock again.

Normal situation, ES is likely to top out within B+1 to B+2 with a pullback to B-0 or lower.


  • geosing January 23, 2012 at 12:18 pm

    Gong Xi Fa Ca! Best wishes for the dragon to bestow all the benevolence during the coming year and beyond!

    PS: I once attempted to learn Mandarin. I lasted about 5 minutes of the opening lesson which was about the tonality of the language and the various ways of just saying “ma” each of which has totally different meaning! Figured it would be easier to learn to sing. 🙂

  • Lawrence Chan January 25, 2012 at 4:16 pm

    I don’t like speaking mandarin. In fact I do not remember much how to speak it any more.

  • Lawrence Chan January 25, 2012 at 4:17 pm

    50% upside target tagged today.

    half way done.

    If ES failed to hold above B+1 from here, we have a FBO and a top is in for a long time.

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