Either we fail from here tonight into tomorrow’s inflation data or we can gap higher.
4030 + a couple is fib resistance and a 50% level.
If you see a big rally after the # before the U.S. Pit opens above the 200DMA and then rejects 4030 ish first support is back into the Gap @ 3997-today’s high and its 200 DMA.
This level will run the entire board.
A gap up in Indices would mean 30 yr. Futures are considerably higher.
30 Yr. would need to close over 130.15 ish on a weekly basis to get me looking for lower rates.
The room will be open by 6:30 when I will be leaving for for tests until early afternoon.
It’s CPI. The clearing firms raised margin requirements because they expect it to be volatile!
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