Monday’s break out of balance was on low volume, just 3.4 billion on the NYSE. The rally in ‘I’ period at 2105.50 was exactly at the previous rally high – a mechanical level suggesting shorter term buyers in control. Acceptance back into the previous 7 day balance could target the low of the balance, and possibly below.

The poor high from Monday could mean the market has “unfinished business” up there, or the market got itself too long. The prominent point of control should draw price back to it, at least initially.

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