We've been trading from 1168 to 1186 for most of the past 2 weeks, aside from a couple of false break outs. I don't know if it is churning or basing for a move higher. It feels like we should selloff next week but its not going to be as easy as I first expected. I will still be leaning more towards the short side next week, but it would be nice to short a market that is rallying into next week.
Expecting weakness in the 2nd half of the day today as funds lock up their profits.
Friday, October 29, 2010
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