Indices opened up above the recent highs and dribbled below
them in the first hour. In the S&P, 1354 has been the pivot high. Today we opened
up above it and now sit around 1350. It’s still been hard to add to winning trades for momentum, making it
hard for traders. You get some action here and there but it’s much more
selective than what we saw in January. There is a divergence…
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