We’re at initial resistance in the Equity Indices.

If there is continued strength today look for the Spu’s to trade in 10 point increments.

30 Yr. Bonds are very oversold and into levels that can bite the Bears in the rear end!

Anywhere close to 147 in the Sept Bond should be viewed as a potential Bear Trap the first time in.

The best looking Equity index is the FTSE with the GBP/USD now hovering above it’s 200 DMA @ 155.

Index traders should not get creative and pick a high for a contra trend scalp.

Taking the money is one thing/contra trend trading another.

EUR/USD…is now the Bitch on the crosses. There is a potential double top from last night’s high @ 113.86. Don’t over trade this.