We have the release of the FOMC minutes this afternoon and the non-farm payroll report on Friday. This adds up to the probability of an even larger degree of random price behavior than is normal. The indices are hovering in or near yearly and/or all-time highs. As long as the indices hold critical downside levels that are not far from present levels the benefit of the doubt has to be given to higher prices and the continuation of the Bull Trend.

The event that would be bearish signal is a close below 92850 in the TF (June Russ 2k mini). Also, if the Russell has not closed above its March high by the end of the week I will begin to watch very carefully for reversal signals in all the other indices.