momentum

The upside target is the 2070 pivot range, but we would not rule out a run to the 2085 pivot range too. After it concludes, the recent low at SPX 2026 becomes a critical level. When the market closes below that level the possibility exists for another “waterfall” event.

Short term support is at the 2043 and 2019 pivots, with resistance at the 2070 and 2085 pivots. Short term momentum ended the week below overbought.