What I'm watching this morn is whether nosotros tin flame remain higher upward the 10/29 highs inwards the major averages. We saw a abrupt drib on the jobs numbers this morn in addition to and hence a abrupt bounce to preopening highs early on inwards the regular trading session. Failure to sustain a motion higher upward the 10/29 highs sets upward a broad trading arrive at in addition to should eventually Pb to a pause of the overnight lows. I would run into such activity equally business office of a potential bottoming procedure vis a vis the momentum lows nosotros saw early on inwards the week. If that scenario is correct, nosotros should remain below this morning's highs.
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