SP500 Daily Chart - The candle does not suggest any bearish reversal
$S&P 500(.SPX)$ The week kicked off in the red, but prices bounced back throughout the day, ultimately eking out a modest 0.26% gain. The key central S/R level for the week held firm.
The candle does not suggest any bearish reversal, and unless the CPI is leaked tomorrow, a muted session ahead of big Wednesday is expected.
Echoing last week, Wednesday may again dictate the week's direction.
Worth noting:
$Cboe Volatility Index(VIX)$ jumped and ended the day +4.26%
TNX jumped almost 1%
$S&P 500(.SPX)$ Stochastic is curling down
$Apple(AAPL)$ fell 1.91%, but who cares, all the other big guys jumped.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$
Image
https://x.com/SmartReversals/status/1800281584672624945
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