Currently we have poked our collective head above that daily trend line on top of the March Dow Futures… As we get ready for tomorrow’s un-employment number, its really no surprise. It truly is a coinflip tomorrow as to weather we power on to new highs, or take a cliff-dive, base jump from these heights.
Below is the corresponding formation in the S&P500. I realize most speculators like the S&P, but in my opinion, both indexes need to be watched together.