Dear readers, The past two weeks have been pretty volatile with STI falling as much as 120 points from 23 Oct to 2 Nov before surging 92 points in the following two days. Despite the volatility, this index fluctuation has been in line with my expectations posted in my write-up 2 weeks ago. What’s my outlook for the next two weeks? Read on to find out more… S&P500 Index Two weeks ago, I mentioned that S&P500 might move up a bit more and consolidate, as indicators such as RSI are approaching overbought levels soon. Nevertheless, it is likely that any retreat / consolidation is likely to be minor and unlikely to break below 2,021. With reference to Chart 1 below, S&P500 suffered some minor profit taking on 26 & 27 Oct but closed 1.2% higher from 2,075 on 23 Oct to 2,099 on last Fri. Looking ahead, S&P500 ......