Bonds…135.07

Spu…1050-53

Eur/Jpy 105-105.60

Short term traders watch your levels for possible reversals.

The aforementioned levels can prove sticky the first time in.

Do not press direction the first time in. There is always high risk at these zones

when so many markets match up with big levels. Possible double top in the Bonds.

Longer term traders have to be patient to see how the price action plays out.

Sustained price action through these levels is needed for more directional follow through.

Overall I am still bearish stocks and bullish bonds, however it does not pay to press direction in the wrong spots.

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