S&P 500 Feb 06 to Feb 10 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 breached at the start of the week and never get the chance to turn into resistance. Just like Dow, that provided enough fuel to boost ES up and took out Y+1 by a gap towards Y+2. Closed the week at the high.

Outlook
Y+2 was not tagged yet and can be the first thing ES will do on Monday.

Failure to hold above B+1 means Y+1 will be in play and it will be difficult for ES to stay above Y+1 under the situation as filling the gap there means B-0 will likely be tagged as well.

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