This is why I am not forcing anything here. We just meandering in a tight range between 1310 and 1350 but today's action seem to be breaking to the lower end of the range.
Data has been weak actually very weak. Geez they thought housing was going to come back. I said that 3 yrs ago housing is DEAD, no rebound forget a bout it as they would say.
Two hours left in the day watch 1317 area for some support if we get there also I do have a projection from last week of 1295 if we do continue to drive down.
So up yesterday strong and down today strong- SEE SAW action. Stay out
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