Midday Missive

So far it’s been one weak rally in the Bunds back to the 50 DMA @ 162.89.

Presently I need to see price action over that level to run any new shorts out.

The 30 yr. couldn’t muster a rally with the Indices going Risk off.
As of now they’re caught between 162.19 and 163.00.

Be patient for new direction.

The Indices feel like they’ve broken a 1000 points and have not really done anything.
I would not get overly bearish the Indices.

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