We’ve seen soft action this morning; nothing too crazy. We tested above the 1400 level in the S&P yesterday, and we’ve dropped back into the low 1390s this morning, which is too be expected. The oscillator climbed pretty rapidly into the +25 range, hinting at a bit of a pullback. At the open, we will have dropped down to just above zero. I think a few days of consolidation is really healthier…
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