sp'60min
Summary
*closing hour tried to bounce... but failed.
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A pretty interesting day in market land.
The mainstream is claiming that the market sold lower on the intl. trade data (since when did anyone care about that?) - which saw a wider than expected deficit of $51bn... but really, I think that is just a case of mis-attribution.
We're clearly approaching the micro gap zone.. but further weakness tomorrow, and into the Friday morning jobs data looks probable.
A bigger move <2072 in the near term looks really difficult to achieve.
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more later.. on the VIX