Friday turned into a dramatic day. Whether it turns out to be a marker for the end of this correction time will tell. The futures opened higher but when the 8:30 unemployment report came out the market plunged. The report was a huge disappointment and included lower revised numbers for July and August also. The market was down 2.2% at one point. But then it all turned around and the market just kept rising. The SPY closed up 1.49% on the day at an even 195. The SPY now sits on a resistance line that has marked about 12 other high, low or closes in the last 28 days.

The market has had the chance to move lower on each of the first three days in October, but has now closed at or very close to the high on all three occasions. Another positive is that the market normally performs well in the final quarter of the year. We will see if there is any carry through this week.