Metals have been getting punished for the past two months on the Equity & Oil
spreads.

As we get closer to qtr. end the relationships are coming into long-term inflection points.

I’m putting these back on my radar for clues to the next big flow.

Spoos held its 50 DMA and bounced from 7255. 7350-65 is next resistance.

Consider a 7200 print a Bear Trap the first time down.