S&P 500 Apr 21 to Apr 25 Outlook

Recap
Bearish weaknesses persisted in the beginning of the week yet Y-1 was never challenged even though ES sold off from Y-0 quickly. 2nd challenge at Y-0 from below cleared the resistance and gave us a breakout of 100% the double bottom range. Closed the week above Y-0 and near week high.

Outlook
Inside week. Wide range week. Very unusual combination. As long as B+1 not cleared OR failed to hold as support after a breakout to the upside, a drop back down to B-0 is likely.