IMO Monday could prove to be a good day for those looking to go long or close shorts or both, stocks and indices alike. Here's why:
FTSE as noted here
S&P 500 is a smidgen away from 1900
DOW is a smidgen away from 16500
Russell's 2000 is a smidgen away from 1050
Fear is at a high. It has been a long while in soft markets
US reporting season starts in earnest this week (this could be key)
Cyclicals. In the past October has been good for a good retrace before the Xmas rush
After Friday's US close, expect fear in Asian and EU markets Monday. I think US will dip and bounce in the pm.
Enough froth has been skimmed maybe? It may just be temporary if EU data does not pick up but it has the potential to be a telling one.
My views only (Or second guessing the markets!)
F4T
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