A.M. Look 9/16/19

Oil…58.76 Was last weeks high and current daily momentum.
It will take sustained price action under to break anywhere.

Yes, Oil names are up big.

Swiss 10 Yr. Bonds received the biggest inflow last night.
Unsurprising since Switzerland is a haven for Gulf petro Dollars.

Spoo/Bonds have done nothing more than retest its 200 DMA.
Nasd/Bonds..same here.

Spoo gave the pressure relief break I was looking for last week.
This needed a print into the high 2970’s for a reversal on the 50X3.

I would not get too committed until after 9:15 CDT.

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