Late day failures have been common place of late but today appears different. Early key support held and there just isn't a good reason to short this market on a risk/reward basis again just yet from a short term perspective. Look for the market to try and close on the highs. They have the momentum gain for the day and I suspect they will press it.
Personally, today has been tough from a trading perspective. That rally before the news broke has held and hasn't provided an out for anyone caught the wrong way. I'm not sure they are going to give them much of a chance either.
Personally, today has been tough from a trading perspective. That rally before the news broke has held and hasn't provided an out for anyone caught the wrong way. I'm not sure they are going to give them much of a chance either.
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