This is certainly no secret the bull's mission this coming week is to let the gap fill at 1312.70 before returning to action. The volume has been drifting lower since the begining the month, very likely under the pressure of sell in May and go away.

The coming week economic calendar will start with New homes sales on Tuesday and it will be interresting to see if the latest employment data are driving any activty in this domain. Durable orders will follow on Wednesday and this could offer a confirmation of further economic recovery  while on Thursday the second estimate of Q1 GDP will confirm or deny the bulls. The rest of week will see the traditional employment data and Michigan sentiment.

I will be out of pocket on business travel in Europe this week, so i will not be able to join in the chat room and provide update on the commentary.

Dim lights

Have a great trading week.

J-P