Notice this little wedge formed on the spy and DJI (Dow jones] ..
If we pop tomorrow 383 would be my target.
If spy gaps down and falls below 375 , then 373 CPI gap cLose is at play.
I don't see this dropping below 371. why? Well the biggest draggers on the spy is the tech sector, more specifically XLK (Msft and Apple) SMH (Chip sector) are both close to closing their CPI gaps too.
XLK gap close at 120.94 .
SMH gap close at 194.
Weekly Job report out 8:30 P.M , even though it's only a weekly I expect it to either kick off a bullish reversal or finish the drop and gap close