S&P 500 Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 resistance dropped ES down to 100% range expansion target and spike reversal from there thanks to rumors about Greece. Then ES tested previous resistance zone and collapse right there. Multiple wild swings everyday. Closed the week near Y-0 and above midpoint.

Outlook
Ledge on daily below prior support, bearish until ES can sit above B+1 / Y+1 as support on daily.

Potential weekly down trend in the making.

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