The SPX is above the 200 EMA on the 60-minute chart at 1685.33 signaling bullish markets for the hours and days ahead, however, the bears will likely take over at the opening bell. The 8 MA is above the 34 MA on the 30-minute chart signaling bullish markets for the hours ahead but watch for a potential negative 8/34 cross today. The Friday low is 1677 and 50-day MA is 1680, so this 1677-1680 support level is key for the first couple hours of trading. Bears win big sub 1677 with a downside acceleration on tap while bulls stay in the game at 1680+. October begins at 1682 so this level remains important all month long.
Two important moving averages are at the 1661-1662 level and considering the strong 1661 support, bad things will happen to markets under 1661. The week begins in favor of the bears. Watch the 200 EMA at 1685-ish as the key number since this tells you if the bulls are wining, or the bears.