2 minutes ago CNBC has just reported that the Fed announced that they have canceled the repo scheduled for today. Bullish... because it's (the repo) is not needed?
Ok trailing stop placed 5 points behind 1439.50, lets see if it can break through some daily pivots EDIT: Wow as soon as I placed my stop, bam knocked out! +10.25, not a bad way to start out the day for an overnight trade.
spin it any way you want! I dont know when they announced the repo that was canceled. It could have been a clerical error.