The board is clearly RISK OFF since we wrote about the matches early this A.M.

AUD/JPY…failed at 80.00, another key market Tell. This cross has been a great Risk barometer. It has been acting as a leading stock indicator. When it rallies so do the stocks.

Now a close in the 30 Yr. Futures over 139.03 would help to solidify the risk aversion taking place. This pattern is an outside reversal day to the up, which would be price positive Bonds and negative Equities.

The commensurate level in the Bund is 135.53.

These are end of day closing levels….watch for market tone.

It’s a long day, shorts need sustained price action under Sunday Night’s low of 1226.75 S&P 500 Futures