All Trends are UP. The S&P's ran stops above 1431.75 - took out the monthly and weekly high and settled at 1431.50. The question now is can the market find acceptance above 1431 level and stay above it. If it can then next weekly reference is 1459.75. Lets look at the profiles.
The overnight session made new highs at 1435.50 and is mostly balanced. Monday and Tuesday have prominent POCs. Tuesday's low is poor and we also have a poor low from 12/6. While this structure below us is poor - it doesn't mean it has to be corrected right away but it does lower the odds of upside continuation. Short term support is 1426-28 area. Above us I would watch 1441 - that is the level where the liquidation break began on 10/19.
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