S&P 500 Aug 10 to Aug 14 Outlook

Recap
Y-0 support sent ES back up to Y+1. ES could not clear Y+1 and stalled from there since. ES collapsed below Y-0 and dropped all the way down to the long term support zone before it was able to bounce. Closed the week below Y-0 and midpoint.

Outlook
Inside week weak close is just mildly bearish. If ES find support near B-1, it will be forced back up to the opposite end to continue the making of the triangle or longer term bear flag pattern.