Heavy going

Boy this market is making heavy weather of this counter-trend rally. Feels weak and like it is struggling to get through the heavy resistance up to 1110. Nevertheless I think there could be a quick rally helped by the jobs number up to the 1140 area I suggested last week. Lack of tightening in the Treasury yields in the weaker times in the market makes me think there is no fear so the the least resistance for equities is up. That said I will be flipping pairs trade to short delta at around 1140 and will buy the10s and possibly initiate new index shorts if we are unable to get above 1150.