S&P 500 Feb 10 to Feb 14 Outlook

Recap
ES broke Y-1 from its ledge gave us Y-3 target. Tagged Y-3 and holding since. Double bottom at Y-3 sent Es back up to above Y-1. That in turn triggered a short squeeze / stop run back up to Y+1. Closed the week near Y+1 and week high.

Outlook
Not the first time NFP week Friday simply running higher with bad news. It is not the news that matters. It is how one sided the bets were before the Friday number that shaped the outcome.

Wide range reversal is not bullish or bearish. It is a consolidation pattern.

That puts ES at risk of another wild drop back down to Y-1 down to Y-2 once B+1 is rejected.

Such volatility favours intraday trading over swing trading because the risk reward on higher timeframes are not going to be as good as the intraday ones.