The Dow briefly dipped into its daily buy zone and the sp and nq came very close. At the same time the notes traded into their sell zone where there is a signal to sell 124'24 with a 9 tick stop (125'01). I like to stick to the technicals but I can't help thinking this is a time of unusually high uncertainty with all the government activity. In paticular, relevant for this post, the Fed is buying
$600 billion in securities while the CBO announces a 1.2 trillion upcoming fiscal deficit. It's very conflicting so we'll just keep following the technical signals.
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