As the AM tweet noted, Fri was a rigid session inwards U.S.A. stocks, amongst company momentum together with strength. We traded nicely higher early on inwards the overnight session together with currently attain got consolidated in that location inwards the ES futures (chart above), belongings inwards a higher house Friday's highs. We're currently trading at the R1 level; belongings inwards a higher house the recent lows of 1026.50 on early on selling would target the overnight highs together with R2. Meanwhile, the U.S.A. dollar has lately weakened vs. the euro together with we're seeing higher 10-year Treasury rates (now inwards a higher house 3.6%). Oil has likewise bounced higher. In all, the conduct chances themes are pointing inwards a continued bullish fashion; every bit long every bit we're accepting value at higher cost levels, y'all attain got to honour the marketplace strength. I'll hold out watching NYSE TICK closely to meet if the recent rigid buying view continues into today's twenty-four hr catamenia session together with volition postal service via Twitter (free subscription; follow here).
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