It looks like Tutes closed short positions at the 186.47 level - signaling a long then. I expected us to flush into close to complete SOW, but we bounced. 1 more day of selling should lead to a ricochet before the next serious move up.
For those expecting ATH's, you can forget about it. This is a bear market with a lot of overhead supply and trapped bulls. Moves up will greeted with selling hoping to BE. Best case scenario is that 2063.75 level. (As I see it right now - could argue we get one more upthrust aka UTAD)
I took a small short on bounce AH Friday expecting move down on Tuesday. If up Tuesday, target is 1923.50 -1927.
Personally, I think we fill in that lower shadow on the daily, then bounce. I'll update the targets as I get more data, small deviations. Regardless, we're targeting 1950. So if you went long, just sit tight.