S&P 500 Aug 06 to Aug 10 Outlook

By News Robot

Lawrence’s Comment

Recap
Gap open in the beginning of the week resulted in spike and ledge selloff. Held Y-0 support perfectly (too perfect?!) and staged a short squeeze to new high for the week and closed the week near week high.

Outlook
Very thin volume throughout the week. Obviously no outside paper interest in the market at all as unified buying by bots just destroyed all the bears in no time.

Strong support around B-0 to Y+1 area. As long as that acts as support ES can go higher.

If B-0 fails to act as support will be interested in a swing selloff to B-3 area.

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