Stocks...
Spu’s…only come under pressure with price action below 2112.
This needs closes below 2080 to do any serious damage to the uptrend.
IWM…124.00 is momentum. Above, look for an initial 2 dollars.
FXI…. 51+- a few is resistance and the upside pivot.
Closes over 51.58 confirm a new Bull leg.
Bonds …
30 yr..153.27 is support and the weekly downside momentum #.
FBTB ( Italian 10’s)…134.38 is the 200 DMA. Watch for market tone.
FX…
EUR/GBP…173.00 is resistance. This will be a major inflection level for the next move.
Euro…needs closes over 115.25 to extend the rally.
Commodities…
Crude…keep it simple. If it’s higher on the week it looks ok. The pattern is sideways to up. Tomorrow is expiration which should get it moving.
Gold….needs to hold 1219 on any break.
General Comments or Valuable Insight
Time Frame Trading today.