The daily S&P chart shows that we're now up 4 days in a row. Due to the rarity of this type action, I would expect that the market is a bit overextended in the short term and am expecting some downside or at least consolidation to start out the week. Furthermore, we are right near resistance on the S&P at 139.61, a level the market did not breach on Friday.
A slight pullback with nothing too bad coming out as far as data could set us up to break higher later this week or next week.
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