The most notable technical development on Thursday was a breakout in bond yields of various maturities.
Thursday's close is key with a the jobs report on tap Friday morning.
It has been a strong first six months of the year for many equity indexes, though there are a few exceptions.
Plus, a look at what's up with Amazon Web Services on the AI front.
The sudden appearance of a weaker labor market is likely what's causing the Fed to be considering a 'skip' this month, giving time for the economy on Main Street, USA to catch up to where the Fed has been on policy.
Does this scream 'Hike!'? It depends on whether you're the Fed, a bull or a bear.
Plus, a couple major stock indexes appear to be in better technical shape.
About 90% of stocks are still struggling, but many market players are celebrating.
Banking problems and recessions are not created and solved in a week.
The macro this week will be focused upon the release of April data for consumer level inflation (CPI) and for producer level inflation (PPI).