In light of a shortened trading week due to the Labor day Holiday and a week economic calendar, I think we will see some more traditional range this week. However i would not discount a turnultuous end of the week on the job numbers.

We correctly sized up the market last week with a top for the wave 4, and we will be looking for the next wave 5 for the completion of a minor 1 of the larger C wave completing the 2007 correction to reach its own target. The commentary will guide you hopefully to some realistic targets and I can only emphasize how cautious one should be in trading the next wave (w2) up. Remember that this will be a corrective wave so the range will not be that great.

Here is the commentary video.  ( remember watching in full screen mode is the recommended mode)

Dim lights

Have a great trading week, Stay green!!