S&P 500 Feb 11 to Feb 15 Outlook

Recap
S&P gapped down right from the start of the week as if it was going to break below Y-1. Yet it gapped up right after and tagged Y+1 the day after. It was like pinball bouncing around quickly. By Thursday, S&P flushed down to test the gap created on Tuesday and magically holding mid gap and started a powerful short squeeze. Closed the week above Y+1 and near week high.

Outlook
Outside week with outside close is bullish. Early next week ES will likely challenge Y+2 to B+2. That is also the lower long term resistance zone mentioned in my newsletter. Strong reaction there will push ES back down to B-0 easily.