Instrument are once again at inflection levels.
30 yr Bonds, Spoo’s , Nasd 100 & Gold.
Indices are trading at their respective daily ORL #’s
Gold...will need close to 10 dollars higher to for breakaway on the 100X3.
This is something I think will take a while.
The day will revolve around APPLE, after markets were spooked by a late day profit warning due to China disruptions.
Dollars were bought all night against the Euro & Pacific Rim currencies.
Risk spreads do not show a topping pattern, just another corrective phase.
This is going to be all about how the U.S. responds.