yeah lets not forget the fundamentals all... first time in decades we have negative job growth... (considered a leading indicator by major institutions)
even cnbc is saying the word recession now..... all bull rallies will eventually lead to lower lows IMWO all long positions should be monitored carefully as they may be very short lived.... 10 am news very important .....
interestingly though the pivot level is acting as strong resistance to downside movement (meaning its supporting long positions)even after such bad news just now.....
do the banks have inside info on the 10 am news???? who knows....
maybe 10 am is good news??? have to wait and see
even cnbc is saying the word recession now..... all bull rallies will eventually lead to lower lows IMWO all long positions should be monitored carefully as they may be very short lived.... 10 am news very important .....
interestingly though the pivot level is acting as strong resistance to downside movement (meaning its supporting long positions)even after such bad news just now.....
do the banks have inside info on the 10 am news???? who knows....
maybe 10 am is good news??? have to wait and see