All Trends are still UP. Keep the monthly chart in my last Blog post front and center - the upside breakout remains intact. The 1461-62 area is Support. The last 5 days is a Balance Area with no meaningful Excess at the highs. Short term Support is 1490 area, however keep in mind that this level has been probed several times - the more times we probe an area - it lowers the odds that it will continue to provide support. A break of 1490 targets 1481 and lower Gap at 1469. References on the Upside - the next weekly high is 1508.75 and the next monthly high is 1519.50 . The employment report due out tomorrow should provide some volatility.
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