10:39 am EDT: It looks like the Employment Situation seasonality will not hold today, as the gap did not fill and R1′s held as support, which is an early warning of a trend day up. All the major US equity indexes are now trading above daily R3. Next week, the ES should be able to test the 1147 January high, but without any major news until Friday, there will probably be some back and fill. An (unlikely) close today below 1125 would negate this scenario and set up the possibility of a downwards correction instead.



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