Overnite Inventory is Short to Balanced. As mentioned in last nite's Post - the market appears very Short. If we Open and stay above 1335 - Rally High and mid point of y'day's range - we may see short covering and the trade will be to the long side and the target becomes y'days high. A rejection at the 1340-1343 area would be negative. Y'day's profile was pretty stretched out and therefore we may just see some "back & fill" as the market awaits additional news on Jobless Claims, GDP and further news on Europe.
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