Jobs report just came out and the futures are flying higher. Does anyone think that the market manipulators get the reports before us? Of course they do.
At the time of this post, the market seems to be challenging the gap established on 8/11/2010. I don't know if the market has the muscle to close it but the thrust off of 1039.25 appears to be too strong for the current count.
Open interest and volume over the rally continues to fall ... so technicals still indicate that shorts are liquidating positions. This is only a corrective wave structure. Once this rally exhausts itself, trend should resume down.
Best of Trading
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