Your MUST-READ Morning Stock Futures Cheat Sheet: Attempting to bounce

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The Precise Take –  Attempting to bounce

Big Picture Analysis – After such a losing streak in US equities, a one day pop that chases weak shorts out should not be unexpected.  The question of whether the nascent rally has legs will be decided if and when the ES reaches the mid-1330’s, where first volume resistance lies.  Existing Home Sales today at 10:00 am could be a market mover if out of consensus.

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