SPU/BONDS…are running the show with the 30 yr attempting an outside reversal higher day. Keep it on your radar. This type of close will not be price positive the equities or Risk assets in general.

The currencies have been leading all A.M., with AUD/JPY stopping at resistance early, double top in straight Aussie, Euro failing at the fibs as well as the Real rejecting a good technical Fib level of 177.75 USD/BRL.

Stock bears would like to see the Spu’s close below 1246 which would be lower for the last couple of months as well as lower on the year. We’ll see?

This will be an end of day game during the last 30 minutes of NYC trading.