S&P 500 Oct 03 to Oct 07 Outlook

Recap
Bounced off the close of the week prior to fill the gap above. Then gapped up off news shock and rumors from Europe. ES sold off since and closed the week back down at the low of the week.

Outlook
Strange market condition creates strange price behaviour. S&P ended last week as an inside week with upside above Y-0 being clearly rejected.

That opens the door to retest Y-1 or even down to B-2.

Strangely, a measured down moved points to mid 1070, which is where the bottom of August was.