Well, we definitely got the break I was looking for yesterday. Open Interest is always the key to figuring the trends next move. I will spend more time on open interest in the training seminars coming up.
I expect this downward trend to continue in the morning followed by short covering rally in the afternoon heading into the weekend. Sell the rallies in the morning - buy the breaks once the rally starts.
Reports for today: Industrial Production released at 8:15 am Central
Pivot, Support and Resistance for Nov 16th:
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