Forecast for Monday, October 9th – SPX cash session

Hello traders,

Here follows the expected pattern for Monday October 9th:

Early high and decline to a low @ 10:30,  rally up to 11 am and decline to a low @ 12:30. 
From 12:30 we rally into closing bell…

Remember that the above is a description of an expected pattern, the early high is not necessary a green open, we could still open with a gap down…. ;o

Long term forecast:

I’m  expecting next week to print a temporary high,  the week after we could see a sharp but short lived decline… The monthly is still bullish and looking to touch the upper long term trendline by Xsmas time… ;o

Weekly chart ner completion of sell setup:

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