Sooner or later we will break of the range in and because of the holiday I guess the short will not want to hold their positions over the long weekend.
The market internals shows buying pressure 1.7: 1 in NYSE and 1.85 : 1 in Nasdaq. We will brake to the upside.
Ahead of weekend Ukraine election and rising violence, gold fails to hold $1300 key level.Â If gold does not close above $1300 before the long weekend, it will be a negative sign for gold.
The bizarre interest rate behavior continues; interest rates are falling again this morning while stocks are levitating.
There is a potential for short covering ahead of the long weekend pushing stocks higher.
Oil is mostly unchanged.