15 mins ’til the Q4 GDP release

15 minutes until the GDP release and the ES is sitting at 1296, a couple of points off a multi-year high. From my readings around the blogs I get a very strong impression of bearishness. Very strong.

Maybe it is just what I read and in fact the world is bullish. But I doubt it.

Anyway, in 15 minutes the GDP will be out of the way and we can focus on something else.

2 points from its high and the consensus seems to be strongly bearish. We have been attacking the 1296 level a few times. Absorption? I think so.
Hey, maybe the GDP will come in negative and I will have ass kicked. But, I am still favouring the upside.

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