Markets are at a big inflection area as sen across the spreads.

It’s the first of the month so I’ll await the data and pay attention for buyers.

Spoos are into the level I was looking for yesterday. Indices have to find footing in
here or I’m looking at another 100 Spoo points.

The two biggest red flags are UBS and Nasdaq/Suisse.

Look at your qtrly pivots for the indices to get a sense of what is taking place.

The long end of the curve is doing exactly whaat it’s supposed to do. Complete the retracements of the life of Bond Futures.