Spu’s…25X3 Point & Figure shows the initial reversal.
Patience is needed at these level in the Spu’s & Bonds as SPU/BOND spread is trading right on its 50 DMA.
It will take into the U.S. opening and some more price action
for another move.
In other words ..do not chase this direction for a bit.
It’s a tough place to initiate as the spread digests the 50 DMA level.
The board is tracking a typical Risk On affair with the Spu’s up/
Bonds down and the Dollar up with profit taking in Metals.
