S&P 500 May 23 to May 27 Outlook

Recap
Sold off to B-2 as expected early in the week. Rallied all the way back to challenge Y-0 and failed. Closed the week at midpoint and above Y-1.

Outlook
ES recovered from the selloff and is in a stronger formation in comparison to NQ. ES is in fact back into the inside week range prior to the selloff. It has a choice now to either rally all its way back up to the top of that inside week range (Y+1) or continue its downside move to Y-3 and B-2 area.
For the likely direction in the beginning of the week, I will take clue from NQ.