S&P 500 Nov 23 to Nov 27 Outlook

By News Robot

Lawrence’s Comment

Recap
Overnight ES dropped below 2000 and the buying started right on schedule. The straight up reversal surprised many traders and created a short squeeze later in the week forcing a push above Y+1. Closed the week below Y+1 and above midpoint.

Outlook
A retest of B+1 will tell us if this rally has legs. If rejected, we can expect a pullback to 2060s again.

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