Monday Prep
Friday ended up a fairly balanced session within a wide range. The push lower into the 25.50-29.75 zone saw selling dry up and there was a 65 point reversal over the next two hours.
Overnight the market has been strong, led by European indices. The range is 2660.00-2700.75 versus settle at 2669.50.
If prices can hold above Friday’s high then the next major target is the 2728.00 CHVN. Failure to do that would put Friday’s settlement and vpoc as immediate targets below.