S&P 500 Sep 01 to Sep 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Similar to Dow, ES was having its consolidation week. Traded equal distance from its open. Closed the week above Y+1 and near week high.

Outlook
B+1 resistance points to at least retest of B-1 and likely below B-2. It is not necessary an important top, just that the price distribution needs some re-balance before ES can decide which way to go.

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