The USDJPY is soaring after the latest machinations out of Japan (rumors of helicopter money), and the futures are yawning.
But, even so, the S&P 500 futures are actually off a little — very unusual behavior for a “market” fueled almost entirely by USDJPY and CL.
CL, for its part, is currently up 1.5% — a very typical snapback rally after losing trend overnight. Still, ES isn’t responding.
I’d like to think it’s because TPTB would like us to nail our next downside target. But, I suspect something more important is at work.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |