Still holding over 1355 for now The Econ news looks good this AM but it will be interesting to see if the 'Sell at 10:30' raises it's head again today, much as the DAX/FTSE sold off this morning, which would be yet another Bearish sign. For now a decent test of support but will see how the reaction is to the resistance at 1357/1360. Still Safest here to lock in profits/set stops on Longs as we both know the downside moves can be quick and sharp. Good Trading!
Caution for Repeating Patterns I am still hesitant Long here and expect a selloff. We have seen in the past Repeating Trading Patterns from DAX/FTSE that can be Mirrored by the INDU/SPX and today might still be an example of that, so use some Caution on Longs here. I am not saying Sell the World yet but just make sure you are Safe with your Trades.