For merchants attempting to decipher if this market has sufficient vitality to keep going larger this week, observe the 20-day transferring common on the S & P 500 , in line with NYSE insider Jay Woods . (Watch the video above for the full perception.) Woods, in his unique video for CNBC PRO that appears at what merchants are actually watching in the week forward, stated that the benchmark has solely closed beneath this transferring common 4 instances this 12 months, however by no means two instances in a row. “Each time we get to that level, this market rallies, but the rallies have been a little softer,” stated Woods. If it threatens to shut beneath that stage for a number of days, that may very well be a giant warning signal for the market. The S & P 500 posted its fourth weekly achieve in the final 5 final week. The chief market strategist at Freedom Capital Markets believes one other good “tell” for the market will likely be the Consumer Discretionary Select Sector SPDR fund (XLY) . Woods reveals the ranges to observe for a breakout in that ETF or the place to purchase if it breaks down. Woods can also be watch this week: If Monday’s restoration can shake off the skittishness felt throughout Friday’s tough market reversal . Wednesday’s producer costs inflation information at 8:30 a.m. ET The extra necessary client costs inflation information at Thursday 8:30 a.m. ET. “Maybe we talk” a half-point lower subsequent week if this is available in OK, he stated. Whether the Supreme Court will decide upholding Trump’s tariffs… Adobe’s earnings Thursday after the bell… The inventory is in a “nasty longer-term downtrend,” stated Woods, and he factors out a assist stage to observe the might set off a ten% flush if it fails to carry. Under-the-radar inventory to observe: cybersecurity play Rubrik out with earnings Tuesday after the bell. (This weekly Monday video is solely for CNBC PRO subscribers.)