At this point, I would not chase the market, but you certainly cannot sell it until we see something happen in the bond market that shows traders are taking the Federal Reserve seriously again.

• The S&P 500 Index rallied quite nicely on Friday, and we threatened the top of the shooting star from the previous day.
• If the market does break above the top of the shooting star, then it opens up the possibility of the 4300 level being targeted.
• The 4300 level is an area that I think you will have to continue to see a lot of interest in, as it had been massive resistance previously.