S&P 500 Jun 02 to Jun 06 Outlook

Recap
A week of pure up drift. ES opened above Y+1 and started to levitate. Y+2 target reached in slow motion. 50% range reached by the end of the week as if to show a point. Closed the week above Y+2 and midpoint.

Outlook
The rally is now stretched so sharp pullback is expected but not necessary going lower by much. A retest of Y+1 is likely. Y+1 / B-2 is now strong support thus ES can choose to build its next consolidation zone right there instead of moving lower.