Toni Hansen suspects that by the time earnings season begins to wind down there will be another larger correction on the weekly time frame in the overall market.

Toni Hansen thinks that this week the easiest trading is going to be in individual stocks moving on earnings news while the overall market remains choppy.

Toni Hansen's bias remains bullish for today, but the prior highs from Thursday remain very strong resistance.

At this point, the stock market has not developed enough in terms of the momentum within that potential range to indicate the most likely direction for it to break.

Although the market will experience intraday corrections off support levels, Toni Hansen doesn't expect any strong movement past this week's highs.

Toni Hansen is very cautious on upside action since she thinks the market is at a point now that a larger correction for a few days at least is imminent.

Toni Hansen feels that this momentum still has room to continue into Wednesday morning.

Toni Hansen writes that the market can still pick up momentum into the morning on Tuesday, but the upside is becoming more and more extended and hence more risky in terms of the potential to be flushed lower.

The market had a really strong day on Friday, and there were few securities which missed the boat.

The indices rounded off at support in Thursday's session and this will make it very easy for bullish follow-through to play out into Friday.