Stocks...
SHCOMP…Stopped the rally in Asia at daily trend
SHCOMP…Stopped the rally in Asia at daily trend
Spu’s ...needs above 1882-6 for an upside momentum breakout.
Price action under 1836 leaves way to 1808. A close below leaves way for 1724 via 1775.
Nasd 100…4176 is daily trend.
Nikkei…same look
VIX…26.75 is daily trend. 32 ( yesterday’s high) is long term resistance.
This level lined up with the 1808 level in the Spu’s.
It could squeeze up and retest the old high of 33.82.
Bonds...
30 Yr…..remains a key tell. Once the gap was filled last night the Equities reversed.
FX…
The currency Risk on /Risk off paradigm remains.
Commodities…
OIL…28 needs to hold or I’m looking for another 1.50 lower to test 26.55.
General Comments or Valuable Insight.
General Comments or Valuable Insight.
From Asia to the Russell all the Index charts look pretty much the same.
I’d read Yra for an idea of price action for the ECB rate decision and the 7:30 Draghi press conference.
Expect a big volatile range.