“Toro, Toro!” The bullfight began in the overnight and then continued into the morning when the market looked ready to charge and the S&Ps were up 15 points. However, into the midday the market has pulled back and at this stage is unable to charge through resistance. This is setting up to be a choppy week with resistance at 1340 and support at 1304. This is a headline market at this stage, so positioning should probably be more tight and scaled. See you After Hours.
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