S&P 500 Feb 18 to Feb 22 Outlook

Recap
Held near Y+1 and previous week close to stage a trap for the bears. That was enough to cause a short squeeze up to my upside target zone. Bulls failed to take it higher so ES stalled yet it failed to even clear the week low. It caused a 2nd squeeze higher to retest the week high. Closed the week above Y+1 and midpoint.

Outlook
Essentially last week was consolidation around Y+1 after the range breakout. Both sides failed to take the price to their target price zones.

Breakout mode in place as we have a tight range week. Since ES was pushing higher entering the week, slight bias favoring upside breakout.