Take note of 1284, counter trend traders did a little selling here. Still long, but any breakdown as we head higher should revert back to that 1284 number. This long should see at least 1293 before retracing.
don't worry, economists never indicate direction AND timeframe at the same time.
Quote from ammo:
just a guess,worst case scenario,spec is right and we break 1200,next support is 1070,the news is always over and underreported and i'm not a economist so everything is pretty much a hunch
The only fundamental I've ever found to be of value in equities is book value. I've tested over and over, it was the only element that had significant value in equities. I use it as a filter for stocks to invest in.
