Midday Missive

Nasd 100/Bonds are on the edge of a cliff.
Closes below 4829 can drop the Nasd 4-500 points.

Its a must hold level for any year end rally.

Rallies in the Nasd 100 keep failing at the qtrly ORL level.

A close in the spread under the qtrly stop level would elect a deeper mean reversion.

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