I’m sort of back to writing, can’t say I’ve missed it.
The Room has been on fire all month with some members telling me its been their best month this year.
Two events today; Powell @ 9:00 A.M. CDT, Lagarde@ 2:00 P.M.
Gaps matter on the downside and so do the Matrix levels!
Risk spreads had a small relief rally last night to retest yesterday’s break down levels.
30 Yr. Bond either hold the double bottom or project close to 8 full points lower.
I have room for the 2 Yr. Yield to eventually go to 7% via around 6.40 ish.
If the world starts selling treasuries do not get in the way.
Euro is trading on its 200 DMA with EUR/JPY needing a weekly close under 157.45 to confirm more corection.