Red

1159.87 is the max contain pt. on the monthly

How far above 1150 do see it going? Any key levels up there to be hit?

trend weeks like to close near their highs

looks like their giving the market enough room next week so it can go and run the stops above 1150, after it fills the 1127.38 gap

That's interesting. I have R1 at 111.36. at moment it is above this level.

I don't see anyway this is going back to 110.50 today, even with that print. The dollar's getting hammered.

SPY 111.38 Level, the operators like to gap around this level on the daily

12/11/2009 into 12/14/2009 gap over 111.38
12/16/2009 into 12/17/2009 gap under 111.38
12/21/2009 into 12/22/2009 gap over 111.38
1/21/2010 into 1/22/2010 gap under 111.38

this is the level to watch into the close and open on monday

yeah if they give you the opportunity @ 110.50 take it, 109.95 is out given the setup on the 60

So that 110.50 level will probably be my last chance to get out of my shorts, as it's not likely to go to 109.95 to fill that gap?

supply meaning algo's short selling, sorry i wasn't clear

yeah I've got a de-lever tick @ 110.50 which is probably going to align with the 20 ema on the 60 which is currently @ 110.28

If there is no supply, wouldn't we need to sell back down to bring some in? What's the reason of leaving the gap at 1107.95? And the 12:45 print of 111.06 or below would mean we go back down some… correct?

I see 2 fake prints at 110.50 on my 10 minute chart. Is that the likely target, or is 109.95 still in play if we close below 111.06 on the 12:45 print?