Recap Rallied a bit stronger than expected in beginning of the week. Still sold off to target B-1 area. Closed the week below previous week close.
Outlook Weaknesses in internals is very obvious. Comparing to NQ, ES is the weak one. Breaking to the down side around 1320 or down to B-2 is the more likely scenario.
S&P 500 May 16 to May 20 Outlook
Rallied a bit stronger than expected in beginning of the week. Still sold off to target B-1 area. Closed the week below previous week close.
Outlook
Weaknesses in internals is very obvious. Comparing to NQ, ES is the weak one. Breaking to the down side around 1320 or down to B-2 is the more likely scenario.
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