This is options expiry week, so the major fireworks happen on Mon, Tues, Wed. Channel lines and Fib lines are likely support and resistance. Today 2% fireworks (so far) has popped back above the horizontal neckline, but hasn't done a serious pass at the up-sloping neckline on the ES, but has popped through the up-sloping neckline on the $SPX. I tend to think the ES is a little smarter, a little less retail.
Keep your eyes open for any "glowing" government reports. This would be indicating that the interventionists think that they can eliminate a market cycle by short term pumping to "get the bull confidence back". And its best to watch out as the 800 lbs gorilla flails about.
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Insightful and Useful Comment!