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Monday’s session saw the SPY put in an ‘inside’ day, where all of the price action sits inside the previous candle. These days usually precede a continuation of the previous trend after a quick rest. We still want to be careful, however, as both the SPY and the QQQ would need to break Friday’s high for a push back to highs. The QQQs again show relative weakness, as they briefly broke Friday’s low before a strong final hour pushed back near the $325 area. Pre-market action leans toward a green open, and we’ll wait for first hour confirmation to move into new positions.