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.
