S&P 500 Aug 15 to Aug 19 Outlook

By News Robot

Lawrence’s Comment

Recap
Looks almost exactly like Dow. See Dow comments for recap.

Outlook

Bullish scenario – if Y-1 acts as support, we get B+2.

Bearish scenario – measured move target from week low reached at B+1, a selloff to below B-0 is more likely than the bullish case.

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