I am posting a possible head and shoulders
pattern being formed. What this could indicate is that the market is forming an intermediate top, and this recent rally is a correctional rise with more lows to come. a close below the neck line would be early confirmation of the H&S
pattern. The alternate situation is, in terms of Elliot Wave
Theory, there is a powerful 1-2 i-ii forming to create a new high. In such a case I would like to see a very powerful move above 200 preferably to 205. I expect the payrolls data coming in tomorrow will be the catalyst to move the markets, whether that be a move below 191 or a breakout above 200. Place your bets, good luck, and happy trading.