Yesterday night the index futures went up very sharply, then the market gapped up at a high level. Eventually all gains were faded. A correction after a mad rally sounds normal. The daily charts don't look very different from the ones drawn on last Friday. So only intraday charts are put here.
SPX 60-min:
The downward momentum isn't exhausted yet. I expect further correction and then resume the rally.
XLF 60-min:
The small bull flag will likely be extended and then the uptrend will continue. However I don't think it can reach 20.
SKF: The gap at 112 has been filled. Note that the gap on QQQQ has also been filled. Usually after three consecutive down days, SKF should rise soon.
TED spread is improving but still at a high level.
USD/JPY 2-hour chart: yes, it's still dropping but hopefully the trend will be reversed soon.
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