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Overnight volume profile is showing , once again, a weak high with a profile that could easily be reversed. It is also low volume. So yes, it is up up and away as long as there is no bad news.
I see lots of familar numbers for some support. Because it is Friday the 13th, 26666 but more cleary the ES 2662 area seems to have been support several times in the last 24 hours. But if this is a bullish end to the week then this 2670 ES level really needs to be today's low.
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I believe there will be weakness the last 2 hours of the day. Uncertainty over Syria will scare away many from holding over the weekend. The closing hours is where the real action will be for the day. Bulls better put up a fight till then otherwise it could turn into a bloodbath day.
Alistair at Stock Board Assets is calling it yest another EU pump and Dump. Zerohedge is saying all was good until humans looked under the cover of the bank earnings reports and figured out what Russia not selling a critical metal to Boing actually means.
And it is Friday the 13th. Seriously though, wouldn't you rather put client money to work on Monday rather than risk a war decision over the weekend?
break yesterday's low, this is bulls 1st defense, if no action then will go further down to the next defense which is the day before yesterday's low.
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