The levels to watch in the spu have not changed..1118 and 1127.50 on the upside.

Price action below yesterday’s low of 1105 ish and the longs will head for the hills.

The 30 yr bond level of 126.05-07 will be a key tell for today’s trade

Below the spreads can push stocks higher …risk on

Friday is month end and the start of the summer holiday season in Europe and for many in the U.S.

You’ve already had 2 big seasonal trades. What’s next? With projected short term highs in the oil and Spu

by Friday, In my book, it’s time to reduce risk and be cautious.The markets will become thin in August as many participants will be reducing exposure to enjoy time at the beach.

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