More Up

Stock indexes rejected Monday’s break and now have a target placed on last week’s highs. It will all come down to Friday action when the jobs number is released. A strong rally and close will confirm the worst is probably over for the year on the downside but yet leaving plenty of room for upside resistance. The question will be whether the price action will be enough to turn on the ‘buy’ math inside the production boxes in professional trading rooms which grind everyday. As posted earlier in Seed’s of Summer, summer lows can lead to a significant upside gain over the next twelve months.