Lots of moving parts this A.M.
VIX...resistance starts @ 12.80 into 13.22 its 50 DMA
Euro traded @ 107.20, a level I’ve been highlighting for the past few weeks.
Sustained price action above runs out all the Dollar Bulls.
DXE..is coming into a major Plaza accord level @ 100.20 ish.
The Bulk of the May news is in the market.
Trade the early capital flows in the currencies when the IMM opens.
GBP/JPY...is a main feature this A.M.
USD/JPY…needs to sustain below 112.80 ( over 88.65 Futures) for a move toward 110 its 200 DMA.
U.S. Indices…let the market open. United health care has earnings this A.M.
which should set the tone early.
