The Equities are trying to change direction, they’ve been trying for the past 2 weeks. This week is the first
clear indication that it might actually be happening.
This is conceptual work that is a lagging indicator. There will be no confirmation until next week.
The currencies are only giving a general indication as to when things are starting and stopping intermediate direction.
My longer term studies do not come into play for another 7 trading days. No market call from me in either direction
until my work sets up late next week.
We’re just involved at the pattern extremes with tight stops, looking for Alpha….singles.
The 30 yr. should telegraph the next move in the Equity Indices. TBT over 16.11 ( Bonds Down/Stocks up) = the 30 yr Futures sustaining under 148.15 Sept. or over 150.10 Sept will lead the next leg in the equities.
The only way you can trade in here is pick a side at an extreme and leave a stop.
