Overnight inventory is 100% short. For today - I am going to monitor where Value develops with respect to y'day's prominent POC. With better GDP numbers coming out this morning - the market has rallied back into yday's upper distribution. Key references for this morning are the 1411-1412 area as first level of resistance. If that gets taken out then we are looking at y'days high. Support is at the 1400 level. Overall the market remains quite short. If we single print out of yday's range to the upside - the next level of resistance is the 1420.50 area.
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