S&P 500 Feb 16 to Feb 20 Outlook

Recap
Bullish consolidation until news shock hit. ES chooses to go higher and zoomed 100% of the range before the news. Closed the week above Y+1 and near week high.

Outlook
Still news driven environment with Monday’s Europe issues and then later in the week Fed minutes release. On top of that we have option expiration. Expect more than usual big intraday swings.