Outlook for 4/1/11by EdgePlayer on 03/31/11
Today was an inside day so expecting b/o tomorrow of two-day range. However, tomorrow could be a much bigger day. The market is at the top of the month-to-date (MTD) profile so a decision to go higher or to retreat back into the MTD range must be made. Tomorrows employment report and the traditional directionality of the first day of the month increase the odds that tomorrow is the decision day. Watch the b/o of the two-day range for clues on direction.