Complacency is back with the VIX trading into the mid 9’s.
30 yr. Futures standout with a Pit session & ADC ORL week working. Bunds & Oats show the same topping pattern.
Pit only U.S. session 30 yr….I discount this chart and default to the Daily Continuation due to the lack of data.
Daily Continuation charts, do not show this pattern.
30 yr. Active Daily Continuation,which vwaps September Futures as front month from the rollover, shows the ORL week.
153.09, December’s semi-annual ORL, comes into play over the next 2 sessions.
The level will be pivotal going into the new qtr. on Monday.
Short answer is Bonds are into support. You’d need to see sustained and closing price action below 153.09 Sunday into Monday for another leg lower.
EUR/JPY has come a long way. Major resistance starts @ 129.30 ish matching EURO resistance @ 114.50.
Oil has had a descent rally since I walked out the door. It’s trading from one macro level to the next.
The P&F shows this bounce needs to be digested. Leave it alone at this level.
The only thing that matters for the next 2 sessions are tomorrow’s closes.