Well the S&P never made that trip back to the daily resistance line, and has held up or keeps advancing right into
this mornings “jobs” numbers. Currently we are now trying to muscle through the longer term “heavy” line at
1088.00-1089.00 area, and as any “heavy” line, we can get above, but it should struggle to stay above. This
mornings number should have something to say about the success though of that technical set up. We have
talked about the lack of two way trade these days, and that may be why were not getting some of these swings,
but as we stand now, the market is implying no sign of double dip recession, or at least not near term, and the
successful hold above the daily support line supports the “bulls” for now.

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