Our models indicate that the 2740-50 band is now the key level that holds clues as to the direction of the market for this week.
If the market closes above 2750 today, then it opens up a run towards 2800.
If the market closes below 2740 today, then it could mark today as the trend high for some time.
If the market closes between 2740 and 2750, choppy trading to ensue until the band is broken out of in either direction.
Happy Investing/Trading!