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Wednesday, December 13, 2023

The Yearly Market Maker Breakout Template │ S&P 500 Index 2018 - 2023

S&P 500 Index - 2018 to 2023 (blue line = 3 week moving average)
 
In the Yearly Market Maker Breakout Template price expansion takes out 
(1.) the High  
or 
(2.) the Low 
or 
(3.) the High and the Low 
of the previous year's price-range. 
 
Though price started expanding to the upside since the first week of 2023, 
neither the high nor the low of the 2022 price range has been breached by mid-December.
2023 remains an 'inside' year.

S&P 500 Index (15 minute bars) - December 5 to 13, 2023 (golden line = 3 day moving average)
Price currently moving within a bullish Weekly Market Maker Breakout Template;
printing new daily, weekly, monthly and quarterly highs.
Price range of Wednesday, December 13 (FOMC-day), the narrowest since weeks - so far.