Back from vacation and the NYMO cycle is down.
Not much to say.
Looks like a move toward the zero line shaping the morning.
Big stack of gaps below and one small one above.
A move to the middle keltner band would close a few.
The volumes for last weeks decline were on the low side.
Bears need to break the August low perhaps to get some capitulation.
Otherwise, the dip buyers may get them again.
It's OPEX and September witching week.
So, price action may reflect squaring of books more than trend.
That's a fancy way of saying I have no idea what will happen.
I am short SPX with one profit scale taken.