Oversold? S&P Friday hit end of year target some on Wall Street already had for this year! What's a little selling to start the day. Punchbowl won't be taken away anytime soon.
Tonight could be a tough one, as China is once again closed for their Spring Festival. But we gots retail numbers in the morning, and projected to be positive. Hell, we haven't had a positive core reading since November. Hmmm! Will watch the pre-8PM drift. Would be more comfortable on a long swing if it dips in the ETH.
The closing action going into 5PM looked nice. If we can drift lower or remain steady-state to the 8PM hour...Hrmmm. We also have some GBP numbers in the early morning. Hmmm...Hmmm
In the JUN long at 13712. It's in profit, but I am jonsing for a rise as we near the retail numbers tomorrow morning.
13711 or there abouts is support on March contract the way I see it. Too thin yet to say where with June.
Mr Bean, I'm happy your taking advantage of the overnight rally. Ive studied it for well over a decade. There will come a time when many overnight sessions don't payout. I can tell you over the long haul you will make money. I would ask one thing from you. Please keep it to yourself.