Today, I am neutral. I have a slight inclination to shorting the market, however, the FED biege book will be released later in the afternoon, and this may bring back those tepper traders.
I think the DOW would test 11000 one more time, if it fails, then i m on a short biased mode.
Watch out for a head fake rally or bear.
We have to guess which system traders are planning to use. Selling programs or buying ones?
I would stay away from longs first, and click the selling program once the 11k mark failed.
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