AUD/USD... I’m looking for 82.00 to cap this rally the first time up.

EURO...115.30 is weekly momentum.

EUR/JPY…137.29 is 200 DMA. 137.93 is major Fib resistance.

Brent…Ice contract expires today. Pay attention to the pit opening today in WTI.

We’ve seen multi-dollar lemming effect trading on these expiration s in the past.

In short…don’t get run over trying to fade the tape.

​My issue with the entire board is how big the adjustment will be in Equity Indices to the recent break in world bond markets.

The first two breaks resulted in initial Index weakness which richly rewarded the VIX trades. Now the breaks in the U.S. Indices are getting shallower while the Dax is victim to the falling Bund and rising Euro.

This thinking lead me to repurchase the UVXY again. If I give back a few percent after collecting close to 20% in the previous trades it’s not the end of the world.

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Current Positions….                   Entry     Stop      TGT   LONG UVXY                                9.76
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