We finally got a pullback in the equities, which is necessary for more upside. Instruments rarely go in a straight line with out some sort of relief.

Now the question becomes, “is this enough of a correction or are will it go deeper?” 1190 is minor support with stops resting under 1180.

The 30 yr. Bonds have to see some strength over 140.10-15 to help with a deeper flush of those long equities. Think SPU/BONDS ( Long Equities/Short Bonds)

I am just going to be patient and watch for a while.

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