Reasons for that:
- the market has reached strong resistance on the daily chart at 1368-69;
- after dropping fast the market does not rally straight up to new highs;
- expectations are high for the NFP report and the market will probably be deceived;
- the Fed has had a hawkish aura lately and this may attract some short term sellers until early next week.
1 comment:
Good trade!
Tony
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