The market is four day cycle solid overbought. In the morning if we see a higher open into the daily down cycle projected high 1449 to resistance at weekly projected down cycle high 1456 we should see a drop to near 1415 to 1408. That higher open would give the advance off the low a possible five wave up look. From a higher high we should then see a slow sell off the remainder of the week to work off the four day cycle overbought condition. Note the first chart to the left is a 27 hour chart and the chart to the right is the same chart with 120 minutes time per bar instead of 60 minutes. The bands define max resistance and support this week.
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