While the S&P futures came reasonably close to testing the critical red trendline on Friday, SPX held quite well comparatively. SPX regular hours holds more weight rather than the futures in this analysis.
This week will be important for confirmation of the next short term movements within the bigger picture Cycle. The Deja Vu Cycle suggested a move up to the green minimum target at least, in both scenario's, with potential up to the red maximum target area in the more bullish interpretation.
The Deja Vu Cycle demands that taking appropriate precautions going forward is wise.
Volatility ETF's were trading strangely on Monday. It appears to be a fairly extreme short term example of a "fear bubble" that suddenly popped.
Possibly the size of the drop on Monday for UVXY hints at the bullish scenario for SPX playing out.