Post Employment Monday

Lets take a look at a pattern. The  Note market is in decline and the employment report comes out weaker than expected. After the data, the spike up is dominated with aggressive fills and notable short covering. Monday's action is the important session.

We like to see an "inside down" day to believe the market has changed trend in a substantial way. Conversely, A market that continues to move up (like today's) has a greater tendency to wane after Tuesday. Of course, Hooper will tell me when to mess with the short side again.

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