The $ES has held a re-test of the breakout wedge. This is very normal. We call this the kiss or a revisit to the scene of the crime. With yesterdays buying it looks as if the Bulls still have some fight left in them. We are still very cautious to the upside. Shorter time frames area bullish. Longer time frames are bearish. We are standing on the sidelines with the Indexes until after NFP. No need to step out into on coming traffic.
