I doubt , so many funds are still 15-20% in cash, just the fear of left out in the bull run keep this market up for this MAY, JUNE months .
big drop like 10% ( which is last 2 weeks gain ) from this levels is unlikely on equity markets for MAY, JUNE
fear of left out by funds in market uptick who have good part of cash still on side lines
for Oil 150k less job losses (ADP), this is pivotal point for oil demand uptick for next 6 months
here is my oil price pattern predication for 2 hours
will touch 58.00 around 13:00 EST ( + or - 10 minutes )
will again touch 58.00 around 14:00 EST ( + or - 10 minutes ) - here add 50 cents , if S&P up by 8 points from 910