Overnite Inventory is Short. There was no follow thru to the upside in the overnite session as the market awaits further news EU Summit. In fact we have taken out Wed's low in the overnite session. GDP and Jobless Claims number were in line with expectations and so far the market reaction is muted. If we opened now, we would be trading back at y'day low and top of 2 day balance. Finding acceptance back into the prior 2 day balance takes us back to the 1300 level. Key is where we open relative to y'days range - in or out of balance. I would wait for the market to set up before entering a trade this morning.
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