The S&P 500 fell a little more than I expected yesterday but well within bounds for a minor wave ii. News overnight plus the strong payrolls number this morning will likely result in a gap up this morning. Best if the gap is not filled and price grinds upward past 2718 toward 2728 or 2733 SPX. The larger theme remains higher into the middle of this month.

You must be logged in as a Daily Analysis or Intraday Analysis subscriber to view the rest of this post.