a real narrow hit merchandise on Mon afternoon, we're straight off seeing real narrow merchandise inwards the overnight session, perchance inwards anticipation of a slew of economical numbers later on this morn (bottom chart). We stay to a higher house the 6/25 too 6/26 highs (purple line); a deed dorsum below those levels would target the hit marrow some 912.50. Strength sustained to a higher house the trouble would target the piece of cake May/early June trading range, equally business office of the longer ongoing hit trade. Note the timing of economical reports coming out inwards the the U.S.A. (overseas this morning. If those cannot accept us out of hit trade, I'd await quite a serenity afternoon.
8:51 AM CT - The Market Delta nautical chart nicely shows how we've moved dorsum into the narrow hit when buying after Chicago purchasing managing director information could non sustain a deed to a higher house the overnight range. With forcefulness inwards the the U.S.A. dollar vs. euro too weakness inwards crude too gilt this morning, themes volition endure weighing against upside for stocks. Let's encounter how those themes answer to consumer confidence information at nine AM CT.
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