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| S&P Futures Daily Chart |
S&P futures rallied right up to the 20day WMA during the night session and then chopped lower the rest of the day. The bulls are looking a little tired here. The Euro futures COT report released today is showing even more extreme positions than the chart I posted Wednesday... so that's getting pretty interesting. I'm wondering how much equity upside we will get if the Euro rallies next week (and potentially the rest of the summer).
I remember hearing the bobble heads recommending UUP a few times today... and we all know what great traders they are... lol.
Have a great weekend everybody!