The entire trade is reacting to levels off the Bonds and the Bund.. Pay attention to your big technical levels for market tells..

Remember… the game has been the spread ” long equities / Short Bond”

135.80 -136 is a significant level in the Bund. It’s a 50% re-trace of the last couple of months. A Friday close over 135.80 would signal more Bund strength and Equity weakness.

Day Traders should be aware of the big U.S.30 yr. levels and how they effect the equity indices.