Recap Pushed higher to the resistance zone as mentioned last week and sold off from there. Gapped down to Y-0 eventually but buying below forced ES back up. Closed the week above Y-0 and near midpoint.
Outlook B-0 resistance will give us a retest of B-1 and below. Strong support at the open gap below B-2 / Y-1 but also a strong magnet pulling ES down.
S&P 500 Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Pushed higher to the resistance zone as mentioned last week and sold off from there. Gapped down to Y-0 eventually but buying below forced ES back up. Closed the week above Y-0 and near midpoint.
Outlook
B-0 resistance will give us a retest of B-1 and below. Strong support at the open gap below B-2 / Y-1 but also a strong magnet pulling ES down.
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