Just admit it...sometimes you dont like good economic news. Especially when it causes a 30 bps gap down opening and spooks the bond market.
Well, you got a fair amount of it this morning, Jobs, Retail Sales, Euro, Etc. Enough good news to jump over the 200 day MA support we were counting on and cause us to go down and test our low of last week, which was also the low of last month, which is also scarry.
Need to hold 99.84, or we quickly may test 99.70...we must hold there or face the possibilility of a much bigger and longer sell off. Hopefully we can hold out until we get a peak at tomorrows unemployment numbers. Good or Bad, they will move the market, up or down....a lot, probably.
Have a great day!
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