Monday is a range trade

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Monday is a range tradeS&P Index Cash CFD (USD)VANTAGE:SP500rsitradesI expect lower today, but all bets are off if the Friday highs are exceeded and held. If that's the case, it's bullish today. Right now, everything is telling me we will sell off, maybe bounce at open, and then continue down to 7400 level and possibly lower to the daily BB. From the 7400 area, we should bounce for a few days, but I don't think it will be very impulsive.