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NQ drops to close the gap and heads back up, attacking overnight highs. ZN has dropped below 115 and the day looks bullish. Oil caught a bid, stalling equities for a brief moment, but right now shorts are getting squeezed. The VIX, however, is still above 20, a slight bearish divergence from yesterday. The weekly pivot is right at 20 as is 61.8% of the week. ES 1387/1389 is going to be the big test for the overall market it seems.
Natural gas storage report at 10:35.
NQ drops to close the gap and heads back up, attacking overnight highs. ZN has dropped below 115 and the day looks bullish. Oil caught a bid, stalling equities for a brief moment, but right now shorts are getting squeezed. The VIX, however, is still above 20, a slight bearish divergence from yesterday. The weekly pivot is right at 20 as is 61.8% of the week. ES 1387/1389 is going to be the big test for the overall market it seems.
Natural gas storage report at 10:35.
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on Thursday, June 05, 2008 at 6/05/2008 09:50:00 AM.
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