S&P 500 Aug 26 to Aug 30 Outlook

Recap
ES flushed down to the downside target area and bounced quickly back up to above Y-1. That staged the rally back up to challenge the open gap above. Closed the week at week high and above Y-1.

Outlook
Potential whiplash break down in play. As long as ES failed to go above Y-0 / B+2 early in the week, continuation sell off will take ES back down to B-1 and likely much lower.