Per David Elliott :

Friday saw the dip we were expecting, BUT it was far bigger than I expected.
Fact is it reversed all of Thursday’s market pop and making a new low for the last two weeks for the DJ-30, QQQQ, and SP-500.
YM futures on the DJ-30 are now bouncing off the 50 SMA suggest another attempt to rally for Monday and a drop in the US$.

A break of the US$ 76 level should push our financial markets and commodities higher until the US$ finds another support level to send it back up to test last week’s highs.

The market bounce we are trying to make could end up just going sideways for several days, before again breaking down to new lows.

DJ-30 targets for Monday are 9838 and 9894 upside targets, and 9645 low target.
SP-500 , 1051 on the upside and 1020 low.
QQQQ targets for the upside 41.60 and 41.76 with the downside support at 39.98.

ISM Manufacturing Index reports at 10 AM.