The overnite Inventory is 100% Long. More often than not there is some kind of adjustment to the Overnite Inventory at the Open. If the market doesn't care about overnite Inventory and proceeds higher - that is positive. 1328-1330 remains possible support. Acceptance below this level keeps the short term down trend in place. The market tagged the prominent POC 1336.5 from Wed in the overnite session. If we stay above 1328-1330 - also the overnite Low - the prominent POC is the likely destination. Market remains very short.
No comments:
Post a Comment