A.M. Look 6/3/16

Bunds… have completed a three month journey to fill its gap from
last quarter three trading days shy of Wednesday’s expiration.

On three separate occasions this qtr. I thought we’d see a conclusion to this journey
only to be proven wrong in my timing. Here we are and there is nothing I wish to do.

Soybeans…11.80-12.00 is an exit zone for longs the first time up.
This is a match with the first Fib retrace of the past 4 years.

It will take some work to get through this level.

As for the Financials and Equity Indices the world seems to have a you first mentality
before NFP.

If NFP proves to be a non-event the talking heads will start to moan about Yellens Monday speech. I’m turning off the sound and watching the price action.

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