DanGramza

Indecision on Monday

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
I was looking for follow-through to the upside on Monday in the S&P 500. We did make new highs above Friday's high but the issue is how we did it. From the way I would interpret the candle chart, it is a neutral setting and a lack of follow-through from buyers. This sets the stage for the importance of Tuesday. If we do not close above Monday's high, I am expecting a sideways move.
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