- Well, Goldman gets a surprise and the market, too. Appears that the yellow trendline (from 12 APR post) acted as resistance as well. At least the market finally exhaled instead of non-stop inhaling. It's just one day. Will be interesting to see how it behaves now.
- A few daily pivot lows to watch for how price reacts for clues. Will the JAN highs at 1150 act as support is probably the true test. Seems the 50 & 90 day moving averages will be right about there soon too.
- Below...banks ...OUCH!
Q3 GDP Tracking
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From BofA:
[O]ur *3Q GDP tracking has moved up a tenth to 1.6%*. Also, our 2Q GDP
tracking is down a tenth to 3.2% from the second estiamte of 2Q GDP by t...
48 minutes ago
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