S&P 500 Nov 11 to Nov 15 Outlook

Recap
Y-0 cleared in the beginning of the week gave as a reason to look for a test of Y+1. FBO off Y+1 gave as a go for Y-1 and we got that too. But the drop was not supported by Dow or NQ. S&P bounced all the way back up. Closed the week above Y-0 and midpoint.

Outlook
Outside week with close within previous week range. Price pattern of double top failed to hold the price below Y-1 pointing to a measured move back to at least the range of the DT and we got that too. Both bullish and bearish patterns are consumed at this point. How interesting is that?

Outside week with higher close favours the upside. A retest of B+1 is likely, from there I need to see the reaction before I can tell what is likely going to happen.

If another FBO at B+1 is in the making, a quick flush back down to Y-0 / B-0 again.

If clean breakout, we get a run to Y+2 / B+2 easy.