Your MUST-READ Morning Stock Futures Cheat Sheet: Floating lower

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The Precise Take –  Floating lower

Big Picture Analysis – The slow motion decent in the US indexes continues, as each day seems to make a new nominal low into the close.  Being a day away from options expiration, we might see this trend temporarily abate due to mean reversion seasonality, but it would take more than a day’s price action for the bulls to prove they are back in charge.  Philadelphia Fed Survey at 10:00 am EST along with two other minor reports ought to move the markets.

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