Since the S&P futures went down to the Monthly S1 Pivot(blue circle) at 1041 last week, it only makes sense that the market will go up to the Monthly Pivot Point at 1094 by this Fridays option expiration. The PP is where price is the most efficient. I'm looking for 1094 - 1106(50 dma) this week as long as the 150 dma at 1056 holds. It's also possible, that the S&P pit traders that went long at MS1 will run it up to MR1(1122) or back down to Ms1(1041).
