So far it’s been an opening range trade.

Sustaining above this level (low 40’s)…1160.50-1182 is the area that crushes the longs again and will provide Bears with a place to look for reversals and selling opportunity. If we see these levels in the Spu, the Bonds will likely be very close to 138.

Pay attention to SPU/BONDS.

Last Friday we just sat all day after position squaring with little volatility. We’ll see!

Dollar bulls are getting trashed again…” You’re cash ain’t nothing but trash!” Massive Dollar devaluation is one of the few tools left for the Fed, and they seem to like that scenario.