If I were using candles, you would see a at the top of the weekly, similar to the one in December and typically mark reversals.
What's interesting here, shows a with the Feb price low, making a higher low in . Furthermore, we see a small divergence in recent price action with Apr 1 putting in the high, then a lower high with Px climbing.
IMO , this points to short term weakness with the potential for long term trend to continue higher. That said, doesn't paint the same picture. Lower highs and lows with divergence from Px . Triangle forming.
As I mentioned, Option flow leaned . I saw very little UOA call buyers. It's possible traders didn't want any long exposure over the weekend. Lots of data this week and Opex should make this very interesting.
I've provided upside trend fib ext targets should we continue up and downside targets from ATH's to the February low. The SPY June $190P's are one of the largest OI positions and the ominous 1861 gap still open in ES.