SPX Cash market has a few gaps still to fill. Current rally from Friday which should follow through into Tuesday due to the market holiday tomorrow. A high percentage of times after a holiday the market is bullish so thats why im looking for that move higher to complete the pattern. If its going to fail then it will happen between 3850-3900. 50-78.6% retracements from the current levels. Other than that we will see what the futures markets have in store for us Monday and early Tuesday.
We also have a critical turn point later in the week to watch.
I hope this helps. Enjoy the week.
Comment
Still looking for the move higher to fill the gaps..
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.