OK, I admit I was wrong. The “n vs n” setup didn’t work this time and I’ve stopped out as soon as SPX 1018 was broken.
I expect a red close next Monday, because CPC and CPCE are way too bullish. Counting the dashed lines in the following 2 charts, apparently the odds are high a red close the next day.
Because today is a Major Accumulation Day (NYSE Up Volume : NYSE Down Volume > 9) so from the chart below we can see a pullback if any after the Major Accumulation Day is usually shallow.
Enjoy your weekend!