I’m anxious to see how things play out once quad-witching nonsense is behind us. But, of course, then we have to deal with quarter-end silliness next week.
Futures are currently off 7, even with oil and gas higher on continuing Iran tensions and a huge refinery fire in Philadelphia.
Trump reportedly was close to pulling the trigger on a retaliatory strike on Iran last night. Should we be relieved it didn’t happen, or alarmed that it came that close?
continued for members…
I’ve shifted some targets further out in time. But obviously the bigger question is whether the new highs can be sustained.
VIX still suggests it won’t.
Though, USDJPY is getting a bounce.
Looks like EURUSD will finally bag its SMA200 today… 
While DXY is hinting at a breakdown.
CL is closing in on that cluster of SMAs…
…while RB has broken out. If my theory is correct, Trump will find a way to prevent further gains before they boost CPI any further and enable further FOMC inaction.
TNX managed to close above 2% yesterday, but will it last?
Gold rentermains broken out, but I would look to take profits once EURUSD reaches its SMA200 — which should mark DXY’s interim bottom.
UPDATE: 1:25 PM
Finally!
Though DXY hasn’t reached its support, so don’t be shocked if it doesn’t turn on a dime.