We have ISM manufacturing and construction spending data at 10am, so even if we do open flat, it probably won't stay that way for long..
sp'60min
Sp, daily5, 4mth
Summary
With it being a holiday week (Wednesday US markets closed), we are surely going to be even quieter than usual. It is very plausible we break upward to 1390/1400, even AFTER the jobs data - which I'm guessing will be lousy
Only with a break back below 1305 can the bears get confident that a major move lower - (as originally expected), is possible. Right now, a 60pt fall this week..would appear very much out of range. Besides the daily chart would suggest at least a few more days upside anyway.
Good wishes for Monday!