Bernanke speaks today, so expect some volatility on top of option expiration week movements. He could put some support under the markets, although it is unlikely he will soften his stance. Watch ES 1547, key support intraday. Once all the gaps get closed, or try to get closed, direction will be up for grabs. YM S1 at 14002 seems to be current support, although one has to believe that we should retest the July breakout at 13826 at some point this month.
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on Wednesday, July 18, 2007 at 7/18/2007 09:04:00 AM.
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7/18/07 2:20 PMLooks like today's story will be "volume up, price down"
7/18/07 7:13 PM
Or let's stop run everyone, bulls and bears alike...
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