New highs were made overnight on Friday, which were not challenged in the RTH. Volume was extremely low at just 1m contracts and 3bn shares traded on NYSE. The odds of the 2122.75 being revisited at some point in RTH are high, though if there is no follow through volume we may see the poor low from last Thursday at 2103.50 revisited and a test of the 2095.50 composite high volume node within last Tuesday and Wednesday's balance.
Overnight the market has moved slightly lower with a range of 2112.25-2120.75 versus settlement at 2119.00 on Friday. It's a relatively light week for economic numbers and the FOMC and ECB minutes are released on Wednesday and Thursday respectively.
Failure below the initial support zone at 2111.75-13.50 could see weak longs bail and see a push into the lower zones. The initial resistance zone at 2120.00-2122.75 is the longs first target, with no hard resistance above there.