The ES is opening up but still inside the Projected Range with a Projected High of 1201.38. SPY could be gapping up into SUPPLY. DeMark is showing more upside potentially off the open. I'm looking for a rally off the open into SUPPLY around the 1215 level with a potential pull back following that. This could be a pivotal day with the continuing of last week's uptrend or more ominously a breakdown creating more lows. Long term DeMark is still showing more downside but we will have to see more SUPPLY kicking in soon.
Today's Outlook: Opening up into SUPPLY and then declining thereafter.
