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Well, after this morning’s wipeout of the bulls, maybe the little darlings are going to get a break. I’m not going wild-eyed bearish until Friday, for reasons already elucidated. I notice that the /ES futures have retraced to the horizontal, which might make for a bounce.
I look forward to the new trading month, which starts this Friday. The image below tells you everything you need to know. Major economic events are on the left. The concentration and importance of earnings events is represented on the right. Good luck.
