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For Monday - there is bond to be a lot of mixed reports due out this week. Earnings reports always add uncertainty - Airline Mergers and Bank news seem bullish - but CPI and PPI as well as housing starts and manufacturing surveys are bound to be bearish.
Volume is still to the downside - my bias is bearish -
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 14 April:
Upcoming Reports:
Monday
Retail Sales 8:30 ET
Business Inventories 10:00 ET
Tuesday
ICSC-UBS Store Sales 7:45 ET
Producer Price Index 8:30 ET
Empire State Mfg Survey 8:30 ET
Housing Market Index 1:00 ET
Wednesday
Consumer Price Index 8:30 ET
Housing Starts 8:30 ET
Industrial Production 9:15 ET
EIA Petroleum Status Report 10:30 ET
Beige Book 2:00 ET
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET