S&P 500 Feb 08 to Feb 12 Outlook

Recap
Monday FBO Y+1 gave us gap down to Y-0 which opened the door to Y-1. Y-1 tagged with strong reaction to push back up to challenge the open gap made on Tuesday. Failure to clear the open gap led to flush down back to the open gap boundary below. Closed the week near Y-1 and week low.

Outlook
Break down play potential towards Y-2 / B-2 area. That holds, a test of B-1 from below likely.