Saturday Review’s recording (for 12/17/16) …
Next week’s issue of Barron’s was published this morning, and its Up & Down Wall St. column headline nails it: “Everyone’s Optimistic. Is It Time to Worry?” From a contrarian perspective, that’s almost too late to only begin worrying. But the contrarian perspective also applies to Barron’s lead opinion piece. If they think everyone’s optimistic, then maybe it’s actually too early to start worrying.
Meanwhile, the actual chart still has unfinished business above back at Tuesday’s 2273.00 high. It also has room for a correction down to 2215.00 and 2205.00. Trying to reach one before the other may be a function of the impending seasonal bullish — helping a pullback to recover, or greeting next weekend already in decline. Monday’s second-half of the WedEX signal should be heard from, first.
These influences and others are described during this weekend’s Saturday Review..Get caught up on the market’s likely paths and resolutions before the new trading week begins…