S&P 500 Nov 16 to Nov 20 Outlook

By News Robot

Lawrence’s Comment

Recap
ES smply gap down and break Y-1 right off the start. This opened the door to Y-2. ES struggled to hold up with a bear flag and eventually gave in to tag Y-2 and could not find support until 200% absolute range expansion was reached. Closed the week below Y-4 and at week low.

Outlook
Situation complex due to the event happened in Paris. Potential flight to safety that can break Euro hard and help strengthen US dollar even more. This in turn can force ES to flush down to 2000 round number first before player would re-evaluate the situation.

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