Down it goes as expected. It closed below pivot 627 but 620 seems to provide support. As long as 620 is not broken to the down side the bulls still have a chance. Today is quite like Jan29. Normally, leaving shorts overnight is a sure thing especially tomorrow we have GDP which is bound to be bad. But then again the market can take a bad GDP and turn it into meaning more rate cut. Tomorrow's numbers are 626, 623 and 619. If 620 is not broken to the down side, the market can have another pop before it really retraces. Will see.
2c
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment