S&P 500 Jun 15 to Jun 19 Outlook

Recap
ES dropped lower initially but turned into 1-2-3 buy on 30-minute against Y-1 which gave us a go for Y-0. Y-0 was cleared and turned into support. This sent ES high until Friday the development in Europe sent the stock markets lower. Closed the week near Y-1 and below midpoint.

Outlook
Y-1 support will give us a retest of Y-0 / open gap zone. B-0 resistance can send ES down to B-1. It will be a difficult week to trade. How ES develops next week will be critical as the weekly up trend is now threatened.