S&P 500 Jun 06 to Jun 10 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation actions around Y+1 as expected. NFP did not produce a directional move outside of the consolidation range hence no range expansion play. Closed the week near Y+1 and above midpoint.

Outlook
Ledge actions near Y+1 is bullish. A push towards previous year high potential is there but that may also be the last push higher staging a very sharp drop back down to deal with the open gaps below around Y-0 then Y-1.

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