Today is a Gann day with the long end of the curve and YEN crosses in play.
USD/JPY & AUD/JPY @ its 50 DMA
CHF/JPY retesting its 159.08 1979 break out.
Indices are nowhere.
As discussed yesterday in the A.M. the long end would drive price.
Bonds up would lead a bid to the precious metals and weaken the dollar.
The ancillary effects would be to torture Index shorts in the short term as the algos are programmed to buy equities in a lowering rate scenario.
The board will take into Thursday to play out.
I will be out of office for appointments @ 8 A.M. CDT for the better part of the day.