May 312012
As I posted in chat, I expected the overnight low to be tested at some point today, thus I was looking for selling between 12 and 16. Selling came in lower than I would like, but there was enough room to the overnight low for small target models. I didn’t expect the 9:45am Chicago PMI numbers to impact the markets, but it turns out they came in negative which was enough to kick start the markets down.
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