Well bonds are rallying and the US dollar is also rallying. The bonds rallying hard here means recessions fears are increasing. The rise in the dollar show that inflation fears are increasing.
I think we might be weighed down today but still expect a small bounce. I am now average 2 ES@848.50. Lets see if I can get positive.
Monday, December 1, 2008
Charts
Charts are screwy becaus of early close on friday - I totally forgot. still looking for 857 to exit ES long
Early morning
It is 7:45 am but a quick update. The futures are gapping down and I think good shot we hit 857-860 level in the first hour. IF we do I will be buying there. I will update if I change my mind.
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