The Week Ahead

So far from what I can see we have positive divergences on 1 min charts in Index futures, we have negative divergences in Index futures on 5 min charts. A 1-day oversold condition usually ends with a move higher the following day, but I suspect we were pinned most of today and the base was late forming so I suspect we'll see some additional upside Monday, maybe a bit longer than that, but I don't think it will be long before we are looking back to the downside which means Monday any opportunities we have with upside moves and negative divergences in to them, we'll want to take advantage of as the market starts to show cracks that the move off today's approximately 5 hour base starts to fold.