Red

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I am assuming it to be the daily time frame. For this to be a head and shoulders the index should not move higher from here. It should either stop here or start coming down. Then may be it can form one H&S

I am assuming it to be the daily time frame. For this to be a head and shoulders the index should not move higher from here. It should either stop here or start coming down. Then may be it can form one H&S

He's going to fall off now Red – don't you worry and check your email!

Push Monica Push… this bull has too be tired now. We need to see him fall off the cliff soon. Let's show him where the edge is… LOL

which time frame

think we will go down now

Yes, too bad!

Does SPX look like a head and shoulders to you, with neckline at 1070?

don't think so red. I think we have a little more upside here – like 2 S&P points and then kaboom tomorrow. But probably just wishful thinking on my part.

Technicals look very overbought now, but that doesn't mean we can't go higher tomorrow. It might be the ol' “buy the rumor, sell the news” on the jobs report.

Red, how do the technicals look?