Recap Gap up then stalled back below previous week close. That staged a flush to Y-0. Yet Y-0 was not tagged like NQ. And multiple pushes against previous week close since. Finally news shock gave ES a reason to zoom higher. Closed the week at week high.
Outlook B-0 is now very strong support. If Sunday / Monday news shock from Europe failed to take ES below B-0, then B+2 should not be a problem.
S&P 500 Jun 18 to Jun 22 Outlook
Lawrence’s Comment
Gap up then stalled back below previous week close. That staged a flush to Y-0. Yet Y-0 was not tagged like NQ. And multiple pushes against previous week close since. Finally news shock gave ES a reason to zoom higher. Closed the week at week high.
Outlook
B-0 is now very strong support. If Sunday / Monday news shock from Europe failed to take ES below B-0, then B+2 should not be a problem.
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