We’re back to normal and it’s another “everything is wonderful Monday”. A few levels to pay attention to today, 1295 in the S&P is 1/2 the way back for this swing,

The Aussie can still trade back up to 101.60 and I am looking for this to happen before month end.

Oil will have trouble again basis (J) 103.40-60 all the way up to 104.

With all the supposed intervention the G-20 group failed to paint the tape in EUR/JPY. They have a week and a half left to close it over 115.70 at month end.

Stock Bulls should get one more chance midweek to get long. As long as the SPM remains higher on the week you should be in buy the break mode. Bears pick your technical levels wisely, you will get shorting opportunities, however you should be taking your money on these trades.

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