5 Dec 2013

SPX still holding the 60min 200ma.  A break below this could spell disaster.  Todays price action looks corrective and "should" move higher, but our indicators are still pointing to the down position.  This is where we need to be careful as the jobs numbers come out tomorrow.  Not that it matters but most likely will be the "It" factor for those who fundamentally believe that prices follow news.

Main-Trend: DOWN (Unconfirmed)
Short-Term: DOWN