S&P 500 Jul 14 to Jul 18 Outlook

By News Robot

Lawrence’s Comment

Recap
Suffered same problem like Dow. No holding strength at intraday support levels at all. Did not find real support until 100% range expansion. Closed the week below Y-0 and near midpoint.

Outlook
Similar to Dow but weaker in formation as Y-1 was cleared. Strong resistance zone created at Y-0 / B-0 zone. As long as ES fails to clear B+1, bias towards a retest of Y-1 is in the card.

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