It's still too early to make any definitive conclusions about the market.  Over the past 7 days the primary indexes have experienced two markedly bearish sell offs BUT they managed to recover and have yet to break down.  The one thing that I've stated recently is that the risk reward near these levels is not something that I find attractive for swing longs (I have cited many reasons including some above). However, that does not mean the market cannot probe higher.  As traders return to their desks next week, we will see how they react to last weeks developments.  For now, I suggest we keep an open mind and focus on trading the best setups.  

The dollar is weak again tonight which is helping to lift the futures higher - this has been pattern lately on Sunday Evenings.