Redbook at 7 am: How will traders discount this report? Bullish, bearish, or neutral?
Consumer Confidence at 9 am: What is the outcome of the report at 9:30 (an hour after U.S. Equity open and after having been digested by the market?
Closed above significant overhead resistance on Friday. Previous highs were 1249 (Wed’s high) and 1251 (Thur’s high); will these highs hold as support?
Where did we open in relation to last Friday’s close?
Major support is around 1237.50ish – we’ll want this to hold if the recent leg up is to sustain itself.
Will the upward sloping trendline continue to hold as support?
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