should break down but will be interesting to see if the bulls do a head fake here

I live in the Virgin Islands and Eric has a boat called Blue Guitar and it is seen often this time of year because it is "in season " here. I'm not saying that's which way the market will go but my personal opinion is that the bulls would like to milk this as long as they can. The 3 push divergence on the wedge in the 5 RSI SPX 5 min is a perfect example of that.

It held the secondary dotted up trend line from chart 12 of the newsletter last night

The most recent pullback was 28 points. once that symmetry is broken as has been seen many times the pullback usually doubles down and then forms a lower high. Does this mean a bounce Monday...we shall see!

So far the market took the awful jobs number as an opportunity to buy low. The 15 Min 8:30 candle looks like a roman candle ready to be lit.

at 2:01... at this point even the hard core shorts are at the bar

how to smooth talk the markets...10B taper but more interest rate accomadation till past 6.5% unemployment

Anyone trading the March contract on ES and can post a chart with pivots would be appreciated ESH4...I find the pivots always wacked when the contract changes...Thanks

Anyone picking up the inverse H and S on the 15min? The conservative measurement from the shoulder would be about 1781.

standard positive divergence played out for a bounce. But if the morning high is not taken out and price falls back into wedge the reverse divergence will be even more pronounced which could mean a continuation of the downtrend. Which way to go...we are in the doldrums so it may just consolidate here.

The 50 MA was lost not by a little but alot. That usually gets a sell response. My non technical thought is that the market is being a little defensive here. There is very little possibility that the FED would even think about tapering here but that possibility is not zero after all the market was not expecting the last no taper. So why not take some profits and sit back if they do what you expect just buy back at a slightly lower price. Anyway my 2 cents.

the pullback from highs this morning is exceeding recent pullbacks which where generally in a 5 point give or take range...but still holding the trend line...light may be flashing amber

Which is within the 7 point of that 1779 Daily pivot. The market may be buying the sounds of gathering doves in DC.

pushing the morning highs

and the most recent head is shorter than the oldest head with a 1740$SPX neckline...but you never no these PM's are really nuts which is why they can't decide to go up or down today and we still have not tested that rising wedge....what do you think cubby? up or down end of day?

we are well above that at 174...frothy irrational exuberance seems appropriate but the market has been forced into equities until they are not 

Me personally am watching the $NYAD

all the ingredients for a Friday selloff....cmon' Steve help us out here...what do you think enough for a selloff or will pinnochio stick his nose above the trend line resistance

The Ted Cruz talking on TV short trade...short term?

looks like that's where we are headed and maybe beyond