They’ve been zigging and zagging, and shaking and shucking. The dealers are trying to shake the tree, I think, as the US Treasury continues to pour phenomenal amounts of money into the markets, on top of the Fed’s QE.
Meanwhile, they’re trying to turn the 5 day cycle up here. If they clear 4180 in the 6-7 AM hour in New York, that would be a go. If they don’t, I’d look for support around 4172 for starters.
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LEE ADLER
