ETF Prophet

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Economic reports have been bringing holiday cheer to an empty table that remains concerned with the ‘fiscal cliff’. There are otherwise good seasonal and short-term quantitative odds for a bounce during tomorrow’s shortened session. That said, Sunday evening futures are once again looking a bit deadly, setting up markets for a major gap lower tomorrow morning. I’d give the current futures downdraft about 70%+ historical odds of closing at some point during the day using the ‘Gap’ tab tool built into ETF Rewind Pro.

Source: Mrkt_Commentary** subscription service; prior weekly posts.
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