We usually see a slam down just before and during the CME futures closing. We saw some fud today that took advantage of uneducated investors and caused a heavy price drop.
This time around, the word is that the CME was a bit more long than usual. That being the case, we could see (and probably saw over the last week or so) a push back upward to cover those longs.
So this little dip this afternoon was a surprise for those who were probably planning on a higher close, and there is a chance we could see a push upward.
The 7500 to 7600 area seems to be where alot of TA points to a market reset/reload. If I see the price dump to 7700, I will likely go long myself.
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