Weekly Charts: SPX weekly

Short term: long target (-23.6%) from Nov Ret reached. May see Ret again.

Long term: bullish project into May.

SPX closed at HOW, if short at the close Fri. Only 1/10 chance, market will gap higher and never look back. 9/10 chance, market will trade lower at some point. 

Weekly charts: ES 60min

Bullish scenario: ES stopped at 1307, which is 

50% RET from High to pre-High and has a target above 1340. Market most likely will go higher to 1340 before a sizable RET.

Bearish scenario: if Friday's low broken, may go to 1301 and an intermediate RET may be in place.