We should fill the small gap down this morning and then re-test the highs at 1124.25 on the ES. I still expect to see 1128-1130 before the market can sell off. I will be looking for potential short entries there.
We are threatening to move down at the moment. If we do, there is support at 1110-1112 at what point I would look to get long in anticipation of then moving back up to fill the gap... Not expecting any big moves today as we may just continue to consolidate...
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Market has gone negative after poor June Factory Orders data. Just went short at 1115 on the small uptick. Looking for a couple points only...
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