There are open gaps from Friday, we tagged the lower rail of this knife channel and Camarilla Week S4 (ES and NQ also hit CAM Week S4). Only looking for 200 point long here.
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It is normal for stocks to have a follow through after +/- 1% moves on a Friday, this usually leads to a turnaround Tuesday.
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Time to decide. Big trendline here. If it breaks it could trigger a 2000 point selloff
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Looks like that trendline did the trick so far.... Weekly S3 CAM target near 26160 is where I am going with this.
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This is my main concern right here
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Multiple SPX futures gaps filled today. 61.8% retracement was the final gap target and Year VWAP is the only support I see below if we do not hold here.
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Year VWAP struck for ES futures.
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I was way too early here. Held on though. Target 2900 on rail backtest before a world ending short.
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Huge chain of late buy blocks on SPY rolling in shown as dashed orange near yesterday's (Monday) close.