S&P 500 Sep 28 to Oct 02 Outlook

By News Robot

Lawrence’s Comment

Recap
Bearish expectation played out. Downside target Y-2 tagged. Closed the week below Y-1 and midpoint.

Outlook
Similar to NQ, ES is potentially forming a daily down trend. Bulls will do all they can do stop that from happening. A flush low early in the week can lead to a strong bounce breaking above Y-1 / B-0 to terminate the potential but it will just be no trend for the coming months. Test of B-1 likely.

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