We are in a range day today, quietly waiting for an official political agreement to do nothing, so that the market can slowly walk higher on a POMO support.
Pascal
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We are in a range day today, quietly waiting for an official political agreement to do nothing, so that the market can slowly walk higher on a POMO support.
Pascal
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Nothing exceptional to expect from today's POMO size compared to yesterday's very large one.
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Much will depend on the new schedule to be released at 2:00 pm. [url]http://www.newyorkfed.org/markets/tot_operation_schedule.html[/url]
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Small caps IWM's RS trend is still negative. That's the line to watch after 2:00 pm.
Billy
Very small POMO sizes tomorrow and Monday.
[url]http://www.newyorkfed.org/markets/tot_operation_schedule.html[/url]
IWM is hesitating at key pivot confluence/resistance. Porosity is hard to gauge in the current political stress and end-of-month window dressing.
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Billy
Impressive close! If you did not have a short position before that, it would have been impossible to get the swift last minute down move.
Pascal
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