Last week was a rather clear display of how easily the “markets” can be nudged higher these days. With OPEX over, look for things to at least appear more normal.
With the dollar recovering a bit this morning…
…CL is selling off…
while USDJPY bounces…
…the euro finally sells off… 
…rates are backtesting…
…and GC is reversing at its SMA200.
In short, we’re very close to a significant top. Our initial SPX targets remain the same.
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