Indices are trading within points of where they opened yesterday.
Equity/Bond spreads and the Indices are sitting on momentum & oscillator support
Sustaining below those levels will elect further selling.
It’s a must hold level.
Holding the weeks lows will have me view the price action as a lower Wed-Thursday retest.
BMY is buying CELG…CELG is up 30%
Yen & AUD/JPY saw a huge liquidity move before Globex reopened.
Every resting order worldwide was cleaned out.
Aussie & Kiwi traded to qtrly support and had huge oversold bounces.
These types of moves were regular occurrences in the 80’s and mid 90’s.
I traded them in the Pit.
30 Yr. Bonds hit my upper targets. European Bonds are all trading lower.