Update

The short term 1 min charts all show a negative divergence still in place as prices rise. This IS the SCARE BOUNCE we have been talking about and waiting for. As I said yesterday, they have accomplished the tactical idea, we just do not know if they are still shorting or still trying to run shorts out or suck longs in. With the data at 8:30 and the long weekend, a huge sell-off would be ideal, but we'll have to wait and see. Wall Street almost always swings way further then you expect both ways like a pendulum.