Shot Across the Bow

When all was said and done on Friday, the S&P 500 E-minis bounced 30 points fro 1067 to 1097.  You can see the prior area of distribution, which now acts as resistance, as well as the stalling point the 200 ma provides.

Strong resistance is only 10 points above around 1110.  I have no idea which way we’re heading currently.  If that 1110 does get taken out…

A move to 1200 is possible.