Recap Bounced slightly stronger than my expectation. Tagged Y-0 but failed to hold above the midpoint. Trapped within the range all week since. Closed the week above midpoint.
Outlook Breakout mode. Above B+1 looking for B+2 and B+3. Below B-1 quick dump to B-2 and then B-3.
Lawrence's Comment
Recap
Swing top formed with FBO against Y+1. Collapsed back down to Y-0. Closed the week near Y-0 and below midpoint.
Outlook
Y+1 / B-0 now resistance until proven otherwise. ...
S&P 500 May 28 to Jun 01 Outlook
Lawrence’s Comment
Bounced slightly stronger than my expectation. Tagged Y-0 but failed to hold above the midpoint. Trapped within the range all week since. Closed the week above midpoint.
Outlook
Breakout mode. Above B+1 looking for B+2 and B+3. Below B-1 quick dump to B-2 and then B-3.
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