S&P 500 Feb 20 to Feb 24 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 did not act as resistance and NQ lifted ES up breaking above Y+1. That gives way to our normal upside target of Y+2. Y+2 was tagged and blocked ES from going higher. Closed the week above Y+1 and midpoint.

Outlook
Breaking below B-0 will give us a quick drop to B-1 and likely B-2.

B-0 acting as support we get a retest of B+1.

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