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E-Mini S&P 500; Inside to lower day with lighter volume?
The E-Mini S&P 500 had an inside to lower day as we had anticipated. Volume seems light as traders try to keep up with the global newswires to decipher the extent of impact each “crisis” may have on the market. We had the Euro Zone debt crisis which is still looming in the shadow at times, then we have the unemployment and housing market woes of the US, then the earthquake and tsunami from Japan creating destruction and now NATO has come forward to declare the “no-fly zone” in Libya as the fighting between the loyalists and rebels heat up. Maummar Gaddafi is anxious to overtake the rebels by sending air support to incapacitate the rebels. The UN Security Council had voted on the issue and 10 out of the 15 members had agreed to issue the resolution. Their agenda focused on the issue of protecting civilians, but at what cost?
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