*next Monday the US market is closed, so..there will be holiday 'issues' once we get into late Thursday.
Sp'60min
Summary
Sp' upper channel by the end of today will be 1325. I don't believe we can close over that today. Frankly, considering the mood in the market lately, a gain of 10pts to around 1305 or even 1310 would be a major victory for the bulls.
More importantly, by the end of Tuesday, the upper channel boundary will be 1320, I believe that will probably be broken above either late tomorrow or Wednesday. That should in theory set up a few further days to at least 1340 - a key support (now resistance) level. If 1340 can be broken through, then 1370/80 will be the next level. Anyway, that is likely at least a fair few days away, lets first see how today proceeds!
Good wishes for the trading week ahead
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UPDATE
8.26am ..hey, take a look at FB. Either their custom PPT is still not out of bed yet, or they aren't going to prop up the price either pre-market..or maybe...anymore at all?
FB 37.15 -1.08 (-2%) - not exactly the best start after just 1 trading day.