Being statistically overdue a pullback along with a down Europe wasn’t enough fuel against better than expected retail sales, providing a walloping cover trade to SPY R1. As volume comes out of that move, the confluence of range highs appears to be helping with a better push back effort going into the pm session. With up and down volume evenly matched, I tried to play the reaction too early, but am back in for a short scalp. We’ll see, with all the scared bears seemingly covering on each down-tick. Look at gold run!
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