S&P 500 No Trade — 2025-04-05

4/5/25 $MES This monthly chart is driving the price action at the moment for all of the indices. We closed down and near the low from Friday. There was no buying near the end of the day and if we have any buying on the opening, we don't have any news early in the week to drive the market. I can see us getting a move up or down but either way we are going into the M+BRK and likely the M+FVG and M+OB. We have a potential to move up to the inverted Gap we left behind last week as our high to set the WH for next week. I wouldn't necessarily look for a move to the upside until we trade into the +POIs first and have an attempt to take out a PDH.