Fri 7/5/2013. Pre-open Update.

I am with family for a long July 4th weekend, so I'll keep it short. The System has hit a rough patch. It was due. Futures suggest the System will go long at the open just above 4hr resistance at 1623. Bulls need to break the mid-1630s or sustain the 1620s-1630s for a couple days to eliminate the slight bearish edge. Bears need to break 1600. Until then, it's a tough call and more whipsaw is possible. Enjoy your freedom!