Yesterday was a slow, balanced day. Value continued to overlap higher pushing to new all-time highs at 2019.25, but leaving a poor high with no sign of excess. The low left was also poor, though failed to move through the overnight low. Upside targets remain the measured moves derived from wave extensions and downside targets initially focus on the past two day's lows and the gap to the high of last Thursday. A break lower would be healthy for the market to continue it's advance.
It's a light economic calenday but the mid term elections start today and the expectation is for the Democrats to lose control of the senate.
A break away from the balance area of the past two days would target the high volume areas below on a break lower, after filling the gap of the pit session.