S&P 500 Feb 24 to Feb 28 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint.

Outlook
A marginal double top in place with neckline at B-1 and target at B-3. B-3 is in the zone where the backfill actions should drop to.

Not bullish until a breakout above B+1 that will confirm the strength of this bull run with 1900 potential.

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