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So far, each time SP500 has entered the sticky band, it took 30 to 45 calendar days to mark the last top.
Although the risk of straight verticality is limited, there is a 40% probability of staying in the band potentially do an excess to 2140 just after the 22nd of January (Draghi)
SP500 has remarkably switched regime from high amplitude to tiny ones.
As long as it trades above 2050/2060, it could remain sticky for a month.
Let's see what it does next week but more of nothing is really the projection although the big move is skewed down for next week.
Comments
there is another long one next week
will drift higher..? or just few more DOJIs until 31 Dec
It s good to quantify stickiness to remain relaxed actually.
Drawdown: -4%
Close: +1%
if nothing happens next few days (base), it is about to do exactly that