Dpoo Risk Spreads are matching the Globex
session with a breakaway gap into the 50% level for this year.
The Nasd is above.
Spoo will have a lower gap @ 5418.50-28.50. This will be a low risk buy level the first time down.
It will be gap trading in both indices this A.M.
Bonds are unchanged on the year.
The biggest winner in last week’s mayhem, that no one is speaking about, is Putin with his strong Rouble.
Wednesday all eyes will be on the Bond auction.
I’ll be paying attention to Wednesday for confirmation that the worst is over.