A.M. Look 2/18/20

Instrument are once again at inflection levels.

30 yr Bonds, Spoo’s , Nasd 100 & Gold.

Indices are trading at their respective daily ORL #’s
Spoo...3365.25
Nasd 100…9588

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.

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