The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Up, up and away
Big Picture Analysis: Volume and volatility are low, but risk markets are quietly creeping upwards. The ES (and its counterparts in the cash and SPY) are once again testing the 200 day moving averages. A convincing thrust above would likely draw attention, while another stall and rejection would attract short sellers. Having said that, we might simply see non-committal chop until the holidays are over.
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