Risk spreads held momentum support last night with Spoos putting in an early low.
Once the ES regained its 200 DMA it never backed off.
Oil matched the price action with price rejection just shy of 103. Below 96.75, Oil can break another 4 dollars.
Oil vs. the metals has lost upside momentum for now.
Micron rallied into this weeks earnings. It’s a big week for price.
I want to give it a little time to see if investors are going to pare gains in the Energy, Fertilizer and Food complex.
