S&P 500 Oct 10 to Oct 14 Outlook

Recap
Sold off to Y-2 as expected. The strong rally, however, all the way back up to Y-0, was quite amazing. Closed the week below Y-0 after failing to stay above that.

Outlook
Down trend intact. Going back down to B-0 is likely.

Breaking below B-0 will open the door to B-1 and B-2.

A rare scenario is that Y-2 turning into support (which is also the double bottom neckline area), that can stage a rally finally breaking this down trend on daily timeframe.