Extreme resiliency and strong performance by bulls today. Being down almost 16 points in morning SPY came to unchange by close was a good show. As suggested yesterday I was expecting this sell off today because we were on the top end of the range yesterday and we still sit there. Unless we close above 1080.25 I would treat it as a range bound trade bounded between 1080 and 1040.
Commodities were laggard today after china news this morning while semis were positive. I bought FMBI tday at 13 as suggested this morning on twitter but forgot to tweet the actual buy.
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