SPX hitting huge excess area, which way will it go next?

As you can see, the price is sitting in a large excess range, trying to push higher with the bullish momentum since the opening. Looks like it is feeling lots of selling pressure. But if we can break up and into the higher naked value area, there is great opportunity for a bull run to the value area high. Otherwise, we might go back to the value area from yesterday's price action. What's your take?? Will we go up or down?

עסקה פעילה:

Looks like it went to the upside. See my subsequent post: