Friday, March 21, 2014

Quick Update

As the 2 pm hour approaches, typically most contracts are wrapped up and the price pin is removed, this means price will do what it wants, in this case I think it bounces a bit in to the close, but the 3C signals in to the EOD are most important as they give us the best lead as to what to expect next week which will be the t+3 settlement for window dressing on Wednesday and the end of quarter by March 31st the following Monday so we still have some room for gaming the market.

I expect an intraday bounce in to the close starting soon, not something I'm too interested in trading at this point, but after the next post with charts we'll see where we stand.

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