Good morning, everyone. This feels like the first encouraging morning in about seven months to me. I hope it stays that way. The next important support level to break is 3960 on the /ES.

I think we’ve got a superb shot at it based on this one item from last night:

I’ve got to say, as much as we make fun of Cramer (being wrong 100% of the time and so forth), it truly offends me that he dares to talk about charting. That would be like me telling George Clooney how to be handsome.