Spu’s…1320 is the first 30% from last months high
Nasd… 2560 is the same level.

XLE.64.60-70
CAT…88.50
ECA…21.15-18…closing above tgt’s 21.90
MMM…84…then 84.50
IBM…by maintaining and closing over 192.90 the next tgt is 195.40

The rest of the day will be a time frame trade…the Bonds are breaking down going into London’s close and could go as low as 148.20 (M). You will need to see confirmed directional price action after 12:30 CDT for this to occur today.

Those of you who are trading from the Long side, tighten up your trailing stops.
Those wishing to short should be patient for another 30-45 minutes to see if this is just another rally to nowhere,
or the makings of an intermediate low.