Midday Missive

The Indices have absorbed a lot of selling this A.M.
It will be up to the U.S. to put on a late day rally to save some of the patterns.
You’d need to see the selling abate in the next hour for traders and the algos to try the other direction.
Otherwise, the next major timing comes in @ 2P.M. CDT when the Bonds close.
NFLX…sustained price action late in the day below 122.40 the weekly ORL# will keep pressure on the Indices.
AAPL...below 114.22 late is negative. Closing below 112 is needed for a bigger sell off.
HYG…78.88 +- a couple of ticks is the first major fib cluster support on the life of the ETF. Closing below eventually leaves way for a move to 75 via 76.60 Bear Trap #
HYG
151211_100727_CQG_Integrated_Client_Chart_S_HYG_-_iShares_iBoxx_$_HighYield_Corporate_Bond_Semi-Annual
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