GM. Three of the four took their lows out in the dark and took every tick of it back. ES and NQ both traded under Tuesday’s low, gold flushed through the price August’s value began at, and all three are sitting back inside value like it never happened. Crude did it backwards, ran 92.29 on its third straight up night and handed the whole thing back before anybody in Chicago was awake. Failed breakdowns are the only thing that has worked on this tape in three sessions, so I lean long ES if it takes 7661 back, and under 7640 I have nothing.
The Tape
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