I have no idea about tomorrow. Looks like big guys bought the dips as the SPY block buy to total money inflow ratio is 726/1506 = 48%, that means almost half of the buying today was from big guys.
The charts below are from Bespoke, let’s see how long this kind of no real pullback could last.
Risk in general seems to be struggling a bit in the late US session after yet another attempt higher earlier in the session - we'll believe that a serious adjustment lower in risk is coming when we see it, though one is long overdue. Geithner is in China, perhaps clearing the way for a Chinese move on the yuan sooner rather than later. Hu Jintao will be in the US tomorrow on a unrelated nuclear summit between the two countries.
AUD faces a potentially critical test overnight as it has just marched to new recent highs wile risk appears to be faltering a bit late in the US and the employment report is out. We have no guidance on the report, but if it is negative, it will join a number of other very weak Australian data points of late and the Aussie could come under some short term pressure.
Tomorrow we have Feb. German and UK Industrial Production data, and BOE and ECB "rate decisions" which will be anything but that. The latest broadsides from Trichet about the IMF getting involved with a European Union member state will be worth noting.