Right now the S&P is finding clear resistance to the up side. It was strongly rejected after vaccine rally and again on a second test. Testing that level again today. To me it looks like more sideways the next day or two before it chooses up or down. I think the obvious choice is down to fill those open gaps, but I would not eliminate another major drug company releasing results Monday (bandwagon time).

Hope it helps.
Hope it helps.
Note
Look at this little breakout. Bulls are strong today or maybe it is a bit of a short squeeze for all the shorts that did not get blown out on Monday. Wonder what happens during the last 20 minutes of the day.Related publications
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.