The dollar (UUP) broke key support on Wednesday and it's poised to move much lower. Euro (FXE) is currently at key resistance. A breakout higher will lead to much higher prices. So it's very likely we will see much higher prices in the SPX (and indexes), but at this time, I need to see a move of the SPX above 1360 to be sure of much higher prices to come.
Fill your gas tank if USO (crude) trades above 39.15 because we will see higher prices at the pump that will be reflected 3days later and will keep going up for the next 1-3weeks depending on how fast USO gets to 42-43 before price at the pump starts dropping ;=).
FOR MONDAY:
If SPX moves above 1348 we will see prices rise as high as 1356-1360 for the day. If this happens too fast (in the early hours), then we will most likely see a pullback in the 2nd half of the day (going into the close). But if we see a steady rise from the open, then expect the SPX to close at the highs (1356-1360 or higher).
SPX-WEEKLY
SPX-DAILY
SPX-30MIN
UKX(FTSE)-WEEKLY
UKX(FTSE)-DAILY
VIX-DAILY
FXE(EURO)-WEEKLY
FXE(EURO)-DAILY
UUP(DOLLAR)-DAILY
USO(CRUDE)-DAILY