The stock market is on the cusp of wiping out the large gains that came after Friday’s upbeat non-farm payrolls report.
The S&P 500 is down 13 points to 1789, shy of the 1785 close on the day before the payrolls data.
Technically, the index could be flashing a double-top but it could also be interpreted as a wedge, with the range narrowing since late November.
