Recap Pullback to Y-0 support and took off. Upside target Y+2 not tagged yet. Closed the week above Y+1 and near week high.
Outlook Y+2 still in play. FBO against B+1 points to pullback down to B-0. Until B-0 turning into resistance we cannot tell if the up swing on daily basis is over.
S&P 500 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Pullback to Y-0 support and took off. Upside target Y+2 not tagged yet. Closed the week above Y+1 and near week high.
Outlook
Y+2 still in play. FBO against B+1 points to pullback down to B-0. Until B-0 turning into resistance we cannot tell if the up swing on daily basis is over.
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