At the end of the day I looked at the 30 yr. Bonds doing an ORL into the top of the cloud, near the bottom of the recent range.

I went over why I thought this a trap for Bond Bears and Equity Bulls.

Spoo needed to print 4125 with an overrun possible into the teens the first time in.

Oil continues to hit a wall @ 73.60, which is now the skinny part of the cloud.
Meaning its Wednesday and price action there should not be faded.

Bullish or Bearish the range continues in the Equities with a few names providing opportunity.

Any manager placing Bullish bets with OPM is being irresponsible, given the uncertainty going into Month end.