S+P 500 staged a Bullish "One Day" Reversal on Friday 5/10 trading lower than the previous day, but closing higher than the previous day's high.
The Bullish "One Day" Reversal calls for a continuation of the upside price movement, more often than not, in the following day's trading activity, which would be on Monday May 13.
Important Closing Level Support for the S+P 500 now rests at 2870, so as long as the S+P does not violate 2870, the daily bullish reversal will become more significant, as time passes.
As shown here the Indicator Box the "Know Sure Thing " Indicator has Confirmed the Buy Signal, in the S+P 500, and is shown on the chart clearly breaking out to the upside.
A Caveat: Any kind of renewed bearish price activity,and a close below SPX 2870 next week, which is Option's expiration, would in turn negate, the bullish reversal, at the end of this week, and that in turn would be an extremely bearish event.
@leftey, You got this right. These are controlled markets by the POTUS, FED, and Treasury using targeted jawboning to reverse the market trends. Looking for a big middle east Jawbone scare to drive Oil & Financials higher.