Early Indications

Since Friday's Week Ahead forecast which is for early weakness this week, today specifically, it looks like we are still on track, but the 3C charts do look like there's more gas in the tank after that which aligns right with AA's earnings Wednesday as they kick off earnings.

Here's what the opening 3C charts look like, same as Friday, suggesting a pullback and then probably some more upside. So far NUGT and MCP are doing well this morning too.

 DIA 1 min still negative and looks like it will come down

IWM still looks like a pullback is coming

IWM 2 min shows the same

QQQ shows the same, but...

At 3 mins it looks like there's more gas in the tank.

SPY 1 min suggesting a pullback shortly.

And the 5 min shows both the smaller pullback being likely as well as more gas in the tank to continue a bit higher, probably in to earnings.