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S&P 500 May 16 to May 20 Outlook
Lawrence’s Comment
ES got the down channel resistance and sold off from there. Monday low acted as support for one day and gave in on 2nd test. Closed the week below Y-0 and near week low.
Outlook
Bear flag on daily points to breaking below B-1 will give us B-2 and B-3. Holding B-1 will send ES back up to B+1 again to continue the bear flag formation.
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