Volume is beginning to fade as price pushes higher. This is a subtle indication that up thrust is losing energy. The first December gap was filled on strong volume, so price might have to bump along resistance, or release more energy, to create a bearish setup.
The COT money flows will yet again setup this market, so I will be watching them closely.
I agree with Trader Dan’s assessment on bonds
Personally I wouldn’t want any part of them at current yields seeing that the government is busier than a one-legged man in a butt kicking contest manufacturing more of them out of thin air.
When reality asserts itself over perception, which is only a matter of time, that the US remains in the same predicament as the Eurozone, the short-term positive action in the bond market will quickly dissolve.
Source: jsmineset.com
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