Mkt run up on intervention expectation ... They better get it done or the result will be just like yesterday.
we only ran up to intraday resistance at 896.50 unless we trade up from this on a 15min bar close i don't see it being sustained. in order to call it a rally more shorts will need to cover and take profit. again this is not real buying but rather short covering. if they can manage it the mkt could rally on the close but it will be tough.
they could really squeeze some shorts here but looks like they are afraid of the weekend boogey man... have one more shot from the 75 area or it's cooked.