We’ve been talking about the Equity Indices being over baked on the upside
since the beginning of May. So it took into the last week of May to give it up.

Every technician on the planet has hold levels in the low teens on down.
Most are looking for a print below 1600. 1593 was where the last rally started.

Don’t sell weakness!

1570-60 S&P 500 Futures (app 157.80 SPY) would be the only place I would have an interest in buying “Anything!!!!!”

30 Yr. Futures…have broken 10 full points since the last unemployment of 149 to our 139 tgt.

This instrument could easily re test the 144 Monthly ORL # from last month with a bad jobs report.

8-10 full Bond points is a big standard deviation move for the 30 Yr.
We’re out and waiting.

You don’t have to catch every move. Just don’t trade against the flow.