S&P 500 Jul 11 to Jul 15 Outlook

Recap
Rallied to target zone 1350 and stalled. Closed the week at midpoint.

Outlook
Out of the 3 major indices, S&P is the weakest.

Breaking below B-1 points to a test of Y-0 as there is also an open gap right above Y-0 that can attract ES going there.

The more interesting setup is that NQ going higher and drag ES out of its weaknesses that can force it to retest B+1 high as a minimum.

Use NQ as the leader for clues of direction this week.