S&P 500 Jan 11 to Jan 15 Outlook

Recap
Monday gapped below critical support which then turned into resistance. Trend sell all week until 200% aboslute range expansion was reached. Closed the week below Y-5 and at week low.

Outlook
A quick drop below B-1 and snap back up above B-1 will give us a bounce back up to Y-5 / B-0. From there we will see if selling would resume.