Trader be Weary

We closed above the previous high of the day (and above the previous false breakout). The fact that we didn't reverse to the downside in a significant fashion on the previous two false breakouts doesn't bode well for this short position. However, today's gains smell suspiciously of the variety that are designed to shake people out of their short positions and to hit people's stops. I am still confident to hold my position here.

Unemployment numbers will be released tomorrow morning. If these numbers beat expectations, and the markets react overwhelmingly positive, I will have to cover my Shorts.