The S&P 500 did bounce yesterday as expected. Overall think they should continue to trade in a choppy upward manner today. The overall theory being that the equity market is reluctant to make a major move in front of the NFP data tomorrow morning and the FOMC decision next Wednesday. In other markets, gold continues on track by dripping lower though is closing in on a speedbump at 1251 that can support it till the FOMC meeting. Crude is also near support this morning which should provide a springboard from which to push to one last high for this major swing.

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