Outlook Wide range week with exhaustion signs often points to inside week to follow. So normal expectation here is that ES will be trapped between Y+3 down to Y+1 with slight bearish bias.
Again, is bearish bias allowed in this environment? LOL.
Last update on the 19th nailed the short term resistance and here is what happened so far before open. Notice Emini S&P chose to go sideway for the week ...
S&P 500 May 20 to May 24 Outlook
Lawrence’s Comment
See Dow comments for more info.
Outlook
Wide range week with exhaustion signs often points to inside week to follow. So normal expectation here is that ES will be trapped between Y+3 down to Y+1 with slight bearish bias.
Again, is bearish bias allowed in this environment? LOL.
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