S&P Update

Here is an updated version of the 30 minute bar chart I showed you this morning.

The rally from the morning low at 1367.25 carried the S&P's up to 1373.75 and since then the market has gone sideways, apparently awaiting the employment number which will be released before tomorrow's pit open.

I still think that the market will take a peek below 1367.25 before it begins its move up into the 1410-20 zone.