Thoughts for Thursday 6/29

Jobless claims/GDP at 830 & Pending home sales at 10

Hello traders,

I am away from desk for today and tomorrow. Here is what we had going into globex yesterday. Globex was just chop around our bull bear 12. We had short against 10 at RTH open that gave couple of +6 points. We had long against 12 once 10 started holding that gave good 12+ points. I was unable to give short against 4420 in afternoon as I was away but it was great setup against 4420 for 20 points down move followed by pure chop afterwards, which we tried to avoid.

Econ Tomorrow:

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