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March 8, 2013  Fri 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's calendar is dominated by the release of non-farm payrolls at 8:30 a.m. ET.

Economists expect that the U.S. economy added 178,000 jobs last month, up from 166,000 in January. The unemployment is forecast to remain unchanged at 7.9 percent.

Germany will have reported industrial-production figures in the overnight session, which could have some impact on market sentiment.

Next week's calendar is relatively light, with retail sales on Wednesday and inflation data the next two days. Consumer sentiment is scheduled for next Friday morning.
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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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