the before post, complaint the expectations for consolidation, every bit the rally has been losing momentum on falling volatility. If, indeed, that consolidation is to accept concur starting today, nosotros should stay below the depression 950 degree from which the marketplace position made its recent drib on the profits news.
Staying below that 950 expanse would frame yesterday's lows every bit an initial target inwards such a consolidation move. Note that such a deed would or thence check to a deed to the S1 level, every bit posted via Twitter this AM. I come across we're fix for a meaningful drib inwards XLF at the open, given the depository fiscal establishment news. That sector volition survive worth next to come across if it continues to Pb to the downside. Note too the weakening of fossil oil together with gilt prices, every bit the dollar has strengthened off recent lows. Those themes are too on the radar.
Watch for intraday weblog updates together with tweets every bit the twenty-four sixty minutes menstruum unfolds; skilful trading!
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