Barring any headline risk a trade higher tonight is most likely back to top of range for a challenge on Tuesday. Still have inflection points above the breakout level. Would look for 2780-2800 this week on breakout.
That post didn’t age well! Before we lived in a whatever it takes world we would of moved down ahead of Europe, these headlines also would of had the makings of a 20% pullback over summer. All I have is to quote st, heavy heavy.
I admittedly have short bias for want of volatility to come back in this market, but agree. Will need to see a weak open followed by a weak close at some point with a SPX cash close below 2700 to get interesting. Bears need all the optimistic bulls that went long over the past two weeks with weak hands to start second guessing themselves to get a little chain reaction selling going if the lows are to be revisited.