S&P 500 Feb 22 to Feb 26 Outlook

By News Robot

Lawrence’s Comment

Recap
ES follow through with its breakout above its 3 pushes down pattern on 30-min. Cleared Y+1 and tagged Y+2 quickly. Since then going sideway the rest of the week. Closed the week near Y+2 and above midpoint.

Outlook
Short squeeze rally does not last. The momentum would attract dip buyers but will likely result in sudden selloff back down to stronger support zone first. B+1 / B+2 FBO will give us B-1 and B-2 below.

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