Intermediate term HWB short of yesterday's move traded perfectly at the 3120 level this morning in Europe. Post employment numbers are also defending a micro HWB short. What this means is that we are likely head down. Initial targets are 3062, yesterday's low and 3042, our intermediate objective. Will there be longs and investors at those levels to to buy? I don't think so. So, ideally you are short going into those level in the event that they fail.

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