overbought, SLO STO putting in a lower high and showing a divergence thus far.
I see two scenarios.
1. We tank Tuesday supported by rate hike talk and disgruntled China. A long weekend where US investors can't even touch positions until Tuesday.
2. Grind up to the 2109.50 area to complete an 8-9 accumulation pattern setting up for a secondary test at 1860.
I can see #1, but #2 is most likely and aligns with other charts I'm looking at. IWM $116.08 and $QQQ $112+
VIX may reach 12, if so, I'll load the boat.