Spu/Bonds have failed under its 50 DMA.

The Wednesday high is confirming that the recent rally is over and the market is set for more turmoil.

Given the calendar next week you should not be looking to buy anything for a longer time frame play until late September.

Next week has the potential for another volatility event.

The Russell is currently trading right on its 200 DMA.

30 Yr. Bonds… Although I have not been long, and cautioned against getting sucked into selling treasuries of any ilk, I still believe we’ll see the mid 157’s print in the 30 Yr. Bonds before the 3rd week of September.

I’m mentioning it because printing that level in the 30 yr. provides a great match on my work and will have me looking for a potential longer-term trad-able low in the Equity Indices.

Trade to make Money/Not to be right.