Whippy

The futures overnight started out lower. Then, by about 10 AM, they turned in a higher high. Then they turned around and made another one of those "two-tick" hourly bottoms which saw them turn around again to make a further higher high. Interestingly, this hourly higher high was a "two tick" top, instead of bottoming this time. Something really odd is going on there. And, you guessed it, they turned around lower again, to make a lower low. 

All-in-all the futures created the candle pattern known as a red "spinning top". This candle is a candle of indecision and is shown in the daily chart below.

Much like the green Doji day on 11 Nov, which also required a confirming candle lower, this indecision pattern too requires a confirming candle lower - or a new higher high to void it.

Tomorrow is the monthly Payroll Report at 08:30 AM ET, followed by the Consumer Sentiment Survey from the University of Michigan at 10:00 AM ET as they are currently scheduled. Unfortunately for me, tomorrow is a travel day, and I won't be able to follow markets except intermittently via the radio until I get home. Still, a lot of volatility might be created by the reports.

So, best wishes to each of you. The Elliott Wave count remains as it has been shown. Have an excellent evening, Friday, and start to the weekend.

TraderJoe