S&P 500 Mar 26 to Mar 30 Outlook

By News Robot

Lawrence’s Comment

Recap
FBO in the beginning of the week triggered the bearish scenario. Pullback to Y-0 as mentioned last week. Closed the week near week mid.

Outlook
Overall weekly uptrend intact. A retest of B-1 is possible but not necessary for ES to go higher to retest B+1.

The less likely scenario of breaking below B-1 will give us B-2 and the gap below quickly.

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