S&P 500 Apr 09 to Apr 13 Outlook

Recap
Just like NQ, ES gave us a surprise run to challenge its year high early in the week. The interesting development, however, was that it developed a bearish formation of 3 pushes up while NQ and Dow also formed their own bearish pattern and started a significant selloff. Closed the week near Y-1.

Outlook
3 Pushes Up target not tagged yet. Thus more weaknesses is expected coming week. The target is approx. where B-2 is. So tagging that will point to the potential completion of the 3 pushes up selloff.

Since the 3 pushes up pattern is a continuation pattern and that it formed new year high by itself, after the correction is completed we can expect another run to retest this year high later.