$SPY & SPX on the gates of the Price & Volume Gap. Algos love to fill gaps. Gap-fill just on the lower highs TL looks scripted.
Wednesday JP speaks, so probably on Monday final push up to 406-408, then chop. Squeeze or Dip will depend on J.Pow and jobs number on Friday
400 is a very important psychological level, so I won't be surprised by a bounce, also shorts have to cover.
Just move fibs from Friday high to monday low to have a good retrace entry for puts, I like Fib 0.5 and 0.618 . Fib 0.618 also its previous support which could be new resistance, also price of control on the hourly
$SPY $417.39 Fib 0.5 and $420.33 Fib 0.618 on the table again, $420 last strong support now becomes resistance. $VIX having also some retrace should give room for continuation of Monday run.
