Early London saw the Euro trade into the 134 handle. This is close to a 50% retrace of the past 2 years. It also led to the first contra trend reversal in 6 cents. This move is long in the tooth.

The S&P have traded this 80-100 point range, seemingly every few days, over the past 6 weeks. Take your profits on your Short SPU/Long SDS position at the market.

Change your stop on the short Bonds/ Long TBT position to a “Stop On Close.”