I don’t know what next Monday will bring us. Some idea about Monday gap up open though:
If we have a gap up open next Monday, then it’d be the 8th gap on the SPY chart.
Also, since Monday gap is also a weekly gap which is very rare. We’ve already got a weekly gap this week, so what the chances might be, we have another weekly gap and it remains unfilled?
So the conclusion is that maybe the Monday gap up open, if any, will be filled in a short time therefore bears who sneaked in before the close might have chance to escape unharmed.
Cumulative TICK from www.sentimentrader.com, if someone still is interested, still shows negative divergence.