S&P 500 Sep 21 to Sep 25 Outlook

Recap
Y-0 did not act as resistance giving way to a test of Y+1. 100% absolute range expansion completed right before FOMC announcement. Strong reaction after and sent ES back down to where it started. Closed the week below Y-0 and near week low.

Outlook
Y-0 / B-0 now strong resistance. A break below B-1 points to B-2 in play.