S&P 500 May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment

Recap
ES failed to clear Friday high and was forced back down to fill the open gap below. Gap filled and ES immediately push back up. Y-0 support gave ES fuel to charge higher and tagged Y+1. Closed the week above Y+1 and near week high.

Outlook
Complex legs leading to just touch of year high is bearish. Can lead to significant selloff.

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