Recap Bullish setup wroked out with Y+2 tagged. Since then weaknesses kicked in and dropped to Y-1. Closed the week near Y-1 and week low.
Outlook Outside reversal week is bearish if we get a confirmation this week. Resistance above Y+1 / B-0 with huge daily pocket below down to Y-3 / B-2 in play.
S&P 500 Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Bullish setup wroked out with Y+2 tagged. Since then weaknesses kicked in and dropped to Y-1. Closed the week near Y-1 and week low.
Outlook
Outside reversal week is bearish if we get a confirmation this week. Resistance above Y+1 / B-0 with huge daily pocket below down to Y-3 / B-2 in play.
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