S&P 500 Jul 20 to Jul 24 Outlook

Recap
Gap and go points to at least tagging Y+2 and we got that first thing in the week. Y+2 turned into support sending ES up to Y+3. Closed the week near Y+3 and week high.

Outlook
Consolidation actions expected around B+1 at 50% range. Summer actions means more likely the market will quiet down a bit.