The market remain little changed in the overnight session. With the anticipated jobs report due out at 8:30 am est., traders are not committing. One note of interest. Should (B) 1019.75 hold and the jobs report not tank the market , the corrective rally that I spoke about in last night's "Market Wrap" might just play out between 1041.75 - 1055.25. As you know, corrective waves typically terminate at the previous 4th wave of one lesser degree. So the current wave count offered may be correct as long as key support isn't breached. Please review last nights post for details on support and resistance and more detailed comments.
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