S&P 500 Jun 17 to Jun 21 Outlook

By News Robot

Lawrence’s Comment

Recap
ES failed to clear 1650 and dropped down to the gap below as expected. Multiple 75% swings producing a triangle pattern on 30-min. Closed the week below Y-0 and midpoint.

Outlook
Triangle breakout mode.

A surprise to some, but chart pattern points to slight favour for breakout to the downside with target B-2 down to Y-2.

Upside breakout needs to clear B+1 first.

Share

  • You must be logged in to comment. Log in