S&P 500 May 09 to May 13 Outlook

By News Robot

Lawrence’s Comment

Recap
Short squeeze on rumors back up to Y-0. Collapsed right after back down to Y-1. Equal distance target below tagged by end of the week off previous week close. Closed the week near Y-0 and below midpoint.

Outlook
Down channel resistance at open gap above. If ES cannot clear B-0 on daily closing basis by the end of the week a stronger sell off will be likely with B-2 and B-3 in play.

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