Thursday, June 30, 2011

Last hour

We are flirting with the 1312.50 number, but we can't get a strong push below it.

Internals have taken a little dip here, as the $TRIN is now in the .90s and the A-D line is only +1300, but that's not enough of a change to get bearish by any means

1311 is short term support, if 1312.50 decides to give way.

I don't think we pull in very far, if at all but we may decide just to churn it out for the last hour and not ramp. Whatever the decision of the market is, it's a chop fest as of now

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