Key Algorithm Calculated Support Levels: 3917 (MEDIUM) / 3900 (MEDIUM) / 3857 (LARGE) / 3820 (MEDIUM) / 3800 (SMALL)
Key Algorithm Calculated Resistance Levels: 3943 (SMALL)
Assessment: Today could be a volatile day as traders adjust portfolios after the long weekend. I won’t put too much credence into the early action. Nothing much has changed last week, we remain incredibly overbought, but as you know… we can remain overbought for a long time. So the trend has been bullish. I would either be bullish or sitting on the sidelines until there is a material move lower (with some analytical confirmation) that a new trend may be developing. Good luck in your trades today!