Just a few charts this morning.
Minis 30m - This was from around noon yesterday, but nothing moved much after the Fed made the dramatic recovery. After holding 1687 they brought it back to 1695 and magically shut it down for the day. 87, 83 and 75 are the numbers below to watch closely.
10yr - What's happening behind the scenes is raw panic and lots of chaos.
And the dollar is getting beat like a pinata, but it has found triple support here. I'm not sure if they want it much lower than this level.
The wild card you'll feel in your wallet, oil. After the IHnS breakout upper market resistance was destroyed and is now in its second backtest. There is a chance they could bring it back to check the neckline breakout, but I'm not sure that's gonna happen.
And for the bulltards, I'll leave this simple warning chart. When Bullish Percent diverges against price (especially as in this extreme case), things tend to not end very well.
I'll be in this afternoon. please try and keep it civil till I get back in. Yesterday was a little closer to the edge than I prefer. Remember the rules and take a deep breath if need be.
Enjoy the Weekend.
GL and GB!
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