S&P 500 Aug 11 to Aug 15 OutlookBy on 2014 Aug 9 Sat 7:05:18
Consolidation actions around previous week close. Equal distance from previous week close established. Closed the week above Y-1 and midpoint.
3 Pushes Down target Y-0. 3 Pushes Down is not a high probability bottom formation, it is mainly a pause before continuation happens. Fit for the option expiration this week that disrupt the down trend for now.