Bulls Win Tug of War After News of China Buying Italian Bonds

The tug of war at 1135-1140 was won by the Bulls today. After a move from late last week from 1197 to today's low (1136) it was hard to lean on shorts today regardless. This is why you wait for a daily close below the lower trendline of the bear flag to show commitment to the break. News of the Chinese buying Italian bonds was the “reason” for the move! This is what the media is saying,...

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