S&P 500 Jun 13 to Jun 17 Outlook

Recap
Break below Y-1 and that Y-1 turned into resistance, the bearish case unfolded. We got our target of Y-2 by mid week. The tricky part is that 1280 did not act as support to stage a higher low to rally back up to B+1. Instead, ES gapped down thru the zone to force ES to drop down below Y-2 to close the week.

Outlook
Y-3 downto B-2 in play. a flush low or gap to that area will force for the showdown between the bulls and the bears.

A bounce from B-1 down to B-2 can be very powerful and points to B+1 as the target.