S&P 500 Jul 04 to Jul 08 Outlook

By News Robot

Lawrence’s Comment

Recap
As mentioned last week, looking for a rally to 1300 and we got that, plus a lot more. 1300 turned into support and helped to send ES up to Y+3 in 1 go.

Outlook
Consolidation between slight above B+1 to Y+2. May drop to Y+1 if we get more bad news from Europe. As the down trend on daily is now completely broken, any pullback are now buy setup unless Y+1 turns into resistance zone.

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