For this morning's briefing, I'm posting the NASDAQ 100 (NQ) futures, because they together with thus nicely illustrate the multi-day trading hit together with weakening of upside momentum that we've been seeing. They too illustrate a designing of higher toll lows solar daytime over day, every bit fifty-fifty small-scale selling has been seized past times bulls every bit a argue to participate inwards the recent strength. It wouldn't surprise me to run across us accept out those rising bottoms together with milk shiver out the weak bulls. It too wouldn't surprise me to run across us neglect to deed significantly lower than that. After having misfortunate years inwards 2008, coin managers are non inwards a set to immature adult woman a rebound inwards 2009. That gives them enough of incentive to chase highs every bit the twelvemonth progresses. As long every bit nosotros don't run across rising 20-day lows amidst stocks (and 20-day highs handily outweighing lows), it's tough to last selling this marketplace set for anything to a greater extent than than a short-term trade. (Note: I rails those novel highs/lows daily via Twitter).
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