Monday, Tuesday and Wednesday:

​I expect Monday Tuesday and Wednesday to contain very similar price action to each other. I expect Monday to lead to a rally to the upside to 438 to fill the gap at 438.43. you either will get a strong rejection of this level to the downside or markets will consolidate for the day up at the level and not break it. For Tuesday I expect the markets to consolidate or have a big decline back down to 430. This range will set the stage for Wednesday witch will confirm if we are in a range or not. Wednesday may be a little choppy because Powell speaks at 4pm on Thursday and there is big economic data on Thursday and Friday.

Thursday and Friday:

​If Monday, Tuesday and Wednesday play out the way I think, Thursday and Friday should a little crazy. I think Thursday afternoon I expect to get a sell off before market close between 2pm to 4pm. The reason being that FED Powell is speaking after market close on Thursday and based on his rhetoric at FOMC I am guessing he will shit the bed again. On Friday considering there is PCE, Consumer Sentiment and Powells words from his speech on Thursday will lead to a massive sell off that will trigger panic in the market or you will get consolidation. I don’t believe that this week there will be upside past 438. It will be either consolidation or a sell off.

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