I have previously shared the same chart, updating it however, The market unless blown away with positive data this week will take a slow and steady approach to reach its 4300 resistance.
If we do see negative number tomorrow, likelihood will be the start of the downward trend towards 3970 and then possibly positive employment data later this month to bring it...
There looks like some up trend still left in the SPX500, The data being released this week will set the basis for the coming downtrend or final push to the 4300 mark.
Impact areas
China's twitter feed - could give the market the reason to go full bear
Data being released this week - I am of the opinion it will encourage the bullish movement to 4300 - but...
