A.M. Look 1/3/19

Indices are trading within points of where they opened yesterday.
Equity/Bond spreads and the Indices are sitting on momentum & oscillator support

Sustaining below those levels will elect further selling.
It’s a must hold level.

Holding the weeks lows will have me view the price action as a lower Wed-Thursday retest.

BMY is buying CELG…CELG is up 30%

Yen & AUD/JPY saw a huge liquidity move before Globex reopened.
Every resting order worldwide was cleaned out.

Aussie & Kiwi traded to qtrly support and had huge oversold bounces.

These types of moves were regular occurrences in the 80’s and mid 90’s.
I traded them in the Pit.

30 Yr. Bonds hit my upper targets. European Bonds are all trading lower.

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