Regional strong, HS upbeat, China up but cautious.
Very quiet….especially in the afternoon
Fbm erased yesterday losses but still a range bound mkt. While definitely lacking upside fkli bulls can take consolation that there was no follow through losses that could further damage the chart outlook. Almost back to square one for bulls...and the good news is, DJ futs is bullish.
Both mkt above 7SMA, 1180-1200 range is save again for now but need to breakout of 1190 to be convincing. 1170-1190 range is very hard to trade for a lack of "strong bias" tone.
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