Wondering why we didn't push any higher on today's seemingly awesome payrolls print? Wonder no longer... The S&P 500 futures just surged up to perfectly tap the lower edge of the November 2012 up-trend. Today's volume is heavy - centred around the spike - with average trade size very large (highest in 2 months) - are pros buying the highs or selling? Do we go on to greater things and retest the upper-edge? or is this the squeeze that ends it? Who knows - but given what CNBC thinks, we will never fall again.
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