S&P 500 Dec 21 to Dec 25 Outlook

Recap
Flushed lower first and then 2000 round number acted as platform for a rally into FOMC announcement as expected. ES sold off since then and dropped back down to week low for option expiration. Closed the week near Y-1 and below midpoint.

Outlook
Y-0 / B-0 very strong resistance. Holiday trading means a flush to new low is likely and can go further than what most people are expecting.