Fighting the Trend has proven Disastrous since 23 March!! FGS be carefull my Dear Bears!!!
I am closing all my shorts at the open; take what the market gives and expect the opening gap to close quickly IMO! Taking a small long in the open!
Jobs report = more good bad news; also:
"Philadelphia Fed said manufacturing activity in the region was much stronger than had been anticipated. Its June reading rose solidly to 27.5 from -43.1 in May."
I hate to trade Fridays and get stuck in a pos over weekend, anything can happen!
Shorting is not advisable IMO; and I am a perennial Bear.
DO NOT SHORT THIS MONSTER!! YOU WILL GET KILLED IMO!!!
Price formed a bull flag which broke out north today and is setting up for the final blowoff top and gap close at 3330; I do not recommend shorting at this juncture, it is making a measured move of same expected height as 15-16 June, for ~220 pips!!!