Festina lente. (Make haste slowly.)
In other words, watch for fakeouts and do not be too quick to hit that buy or sell key. This can go either way.
If Timmy has done his homework the Working Group should be prepped to buy if the market doesn't. Hank would have done so.
Sometimes the right thing to do is absolutely nothing until the market tells you which way it will go.
This is one of those times.
It ought not to matter to the Obama Administration how the equity market reacts in the short term. That is like asking a new batch of crack addicts how they like their first week in rehab.
To elaborate in response to a question, I look at multiple markets for confirmations, not simply one chart like the SP futures. The NASDAQ 100 futures are a ctitical component of this mix for example.
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013