Morning Madness

• Future markets about flat
• GDP revision missed expectations: 2.6% vs 2.7%
• Home sales are due out later in the morning
• EUR/USD bouncing off of 200 and 150 day moving averages
• GBP/USD now using the 150 day as resistance, should find support on the 200 day
• USD/JPY continues to sell off from resistance at 84.41
• Volume will remain to be light as the holiday nears
• Wouldn't expect much movement to either side today
• POMO again today should add a little 'spice' to the market
• Bulls have some room to run right now
• Bears need to take back the 1246 level