Can the Equity Indices stabilize today?
The Bund (165.33) & Italian 10 Yr. into (140.25) are both at initial extremes.
Both need another 30 ticks for additional follow through.
Bund would need a close over 165.65
BTP would need a close under 139.90
All this with front month 30 Yr. making new all time highs.
It would take the U.S. Indices to rally higher on the day and close higher for a short term low. Tomorrow seems a better day for an extreme to be put in.
Let the day unfold.
Something to ponder “What happened to all those delusional Blackrock commercials
telling everyone to buy Europe when the Dax was @ 12,000?”
Turn off the sound and watch the price.
Grains.. the overnight lows in both the Beans and Wheat need to hold for a bounce.
