S&P 500 Jan 13 to Jan 17 Outlook

Recap
A frustrating week for many. As oppose to finding resistance at Y-0 and start a pullback, ES managed to hold in a tight range above previous week close. By the time NFP was out, it managed to hold week mid and blasted higher to close above previous year close. Closed the week above Y-0 and midpoint.

Outlook
Bullish for a test of Y+1. Breadth deteriorated a lot. This push up will likely be carried by a few names only.

Expect sudden volatility this week due to compression in tick reading.