Hello Everyone,
Quick Note: Another low volume day ahead of the bigger news Wednesday- Friday. I think this changes the rest of this week. Tomorrow we have GDP and JOLTs early in morning then Chairman Powell at 1:30 EST. Important day to see how the market reacts to JP. The market has pulled back as expect from the weekend newsletter (along with most sectors that were extended). The afternoon bounce was quite weak (bear flaggish) and bulls will need to reclaim 3975-80 (ES) which opens the door for a 4000-4010. If unable to recapture 3980 then the next level below 3920-30 and 3900 (big level).
Please take a moment to look at the trade ideas.
