1 hour to go before market closes and last chance to position trades before Jobs number Friday

I am amazed how the Fibonacci Fan lines for the 1 minute S&P 500 charts can predict short term support and resistance.  There is 1 hour left before the markets close. Will traders sell before the bell and be less exposed on the US Jobs number for Friday morning. Is the US economy heading towards double dip recession ? Or is the market going to unwind the short positions that have been placed all through out this week (sell or rumor and buy on fact). Is the S&P pricing in a bad Jobs number ?  VIX and markets were weaker but are fighting back since noon. July 4 will also keep some traders away with less volume and more vol.  I guess we will have to see tomorrow if markets bounce or continue the break of support and start an ugly summer trading range.