The S&P 500 Index has been consistent lately in making symmetrical up and down waves - up 52 Points and down 46 Points. If this continues, we may see support near 1335 on the next correction wave, which is due soon.
The ES market is currently near the top of the overnight upwave, trading above Friday's afternoon high pivot but below the knee-jerk reaction high of Friday morning. Look for the market's reaction to testing this high.
Entering Earnings Season.
Consumer Credit Report at 1500 ET.
Charles
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