Spoos are back to a very high Dollar correlation. FX #’s are on the bottom in white of the Pit chart.
100X3 hit the level and the top of the cloud. Angelo was spot on late afternoon looking for a matrix print before a bounce.
One point Angelo picked up on was the disconnect with the long end of the curve and Utilities.
You’d think lower rates would put a bid to the XLU.
I’ve attached the Peso charts that got me thinking risk off a wee bit early yesterday.
Also note EWW reflects the flow.
You’ll get your chances today with exhaustion gaps above on the Pit session charts.
Spoo/Bond is into its 50 Week MA making it a poor level to sell into without further price action.