Description
⋅
Short term overbought condition may well be relieved on the
PPI Release as I expect it to be Hot @ 10%+.
Of course, this will depend on whether or not it's a Legit
Number.
In reality, 10% is a level of concern for the Operators,
a serious one.
Rate sensitivity may well return today, as the Range
expands. 15479 to 16036 - 550 Ticks+.
Unable to cross the .500 @ 16036.75 - concerns are
mounting even with a Large Daily Gap above as to
whether it can be filled at this time.
Caution warranted into the institutional open @ 10 AM EST
is given a High Priority.