Currency land…The Pound and Euro just hit macro resistance. This has been a big run up out of the gate last night, straight up. The current highs ,will need all new closing strength over these levels to start another leg up.
SPU’s…the same goes here as well in the low 1170’s…This is resistance.
Look to the currencies as well as the Bunds and 30 yr. Bonds for your market tells, both of which are coming down into tgt zones mentioned Friday.
We will be looking to buy breaks later in the week for a longer term, buy and hold trade in everything.
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