see previous post), we've right away seen book operate into the merchandise to the downside. That has given us a make extension below Friday's lows inward the major averages. Given how nosotros rejected those Fri lows next the unemployment release, this represents fresh selling draw per unit of measurement area as well as takes us out of a short-term uptrend. It likewise represents an expansion of volatility that volition move worth tracking going forward.
Meanwhile, Federal Reserve annotation that the NASDAQ 100 (NQ) futures (above) induce got retraced all of their 2010 gains--and as well as thence some. We're non far off 2010 lows inward the Russell 2000 Index equally well. Along amongst the non-confirmations noted inward the before post, this inability of the to a greater extent than growth-oriented, speculative indexes to sustain highs offers a Federal Reserve annotation of caution to bulls.
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