porn. We are, so far, holding this area. Just as we held the previous area all the while people said the more often we probe it, the better chance we lose it. The same thing could be happening now. There's a case for either. Right now, bears and bulls are unhappy. Just an observation. Trying to be open minded.
Can play either way. Used to be we rallied on bad jobs because the market was hopeful of new QE efforts. Right now, some are probably thinking, "well, rates will stay low," other folks are thinking maybe another round of QE, other folks thinking it could be "weather related" and just a "blip" on the bigger picture...if that is true, then some would think, maybe rates will raise afterall...see where I'm going? It's like a cat chasing it's tail. Better to let price show the way than try to figure out how data is interpreted. Futures are thin, it's a holiday - take overnight action with a grain of salt.