Lots of moving parts this A.M.

MSFT looks to gap to new yearly highs. Pay attention to back and fill.

Oil getting hit into inventories. 76.30 is 50 DMA.
75.72 is the gap fill from MBS’s production cut.

FX; Euro, GBP, EUR/JPY and CHF/JPY have rallied back to momentum resistance.

I favor the short side of the Dollar but not here.

Spoo is gapping up against the Russell today.