Indexes closed higher today. Nasdaq was very strong until the last hour. Weekly look ahead charts are negative. Daily look ahead charts are neutral. Employment reports could be the 'good news and bad news' scenario.
Bond market looks for the bad news.
Market action will tell the truth story. Indexes closed lower today with normal volume. With two big sell off on Nasdaq, tomorrow could be a choppy day before the employment reports. Indexes closed mixed today with volume higher than Friday. Nyse was stronger lead by drug stocks.