Recap Previous week close support sent ES back up to challenge week high so far. Gap above allowed for Y+1 breakout. Closed the week above Y+1 and midpoint.
Outlook B+1 resistance will send ES back down to B-0. Weekly close below Y+1 is FBO on daily ledge which in turns point to Y-1 and below in play.
S&P 500 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Previous week close support sent ES back up to challenge week high so far. Gap above allowed for Y+1 breakout. Closed the week above Y+1 and midpoint.
Outlook
B+1 resistance will send ES back down to B-0. Weekly close below Y+1 is FBO on daily ledge which in turns point to Y-1 and below in play.
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