I am getting a lot of indicators in the danger zone. I am staying with the scenario of a new range in the 1980/2100, we are only 25 points from that expected local top. Got to see how much buying the dips we'll have. Right now, I tend to agree with you that later in the week, we should expect a good 40/50 points retrace, but if we reach the 2185/95 zone early on Tuesday, that puts us only 25/35 points below the close this week. Momentum wise, I have the 5/20 to 5/23 as a peak, so Tuesday could actually evolve as a G&C day closing down. I think I will lay out a short or two around 11:00 AM, if it looks that way.
