Yields have again put a question mark to the Tech Short Term Trend.
Indicators were demonstrating an Overbought condition.
The Range is simple, direct, and very clear.
Scalping within it as we await the 10Yr reaction @ 1.712 will provide further information we indicated would be on the way as ROCs continued their relentless grind higher as Inflation would be Priced in, this began several months ago, Wall Street always gets its fill... patience won this time and again.
BONDS are the driver - ZN, TLT, ZB
There is no shortage of trading available at present.
Crude Oil reached its Price Objective during Globex with a 10 Tick FR of the 8411 level. CL Curve appears rather nasty... out for some time, months and months.
Does it matter? it might this time, although breaking 88 would imply 104 / 107 / 114 or longer-term Price Objective might arrive in time for year-end.
Although it has higher Objectives within the rising wedge to 88, it is weakening and appears to be another chase.
BTC on breaking 69K will provide some clear guidance as to how much longer the Degenerate's Chase will continue, ETH 5K on the break of our 4050 LIS.
Pat attention to the Usual Suspects - VXN / 10Yr / VIX / CL / DX
The DX is seeing the Yen Pair Whack the AUD / CND / GBP... DX strength is to be anticipated soon.
Bonds... well, TLT has a new and improved lower price Objective @ 134s on break of 139 Gap Fill.
ZN clearly trying to hold 130.005.
VIX above 19.75 could add some sportiness, 17.60 the lower boundary.
9.89% of the time on the Day after Settlement... Large moves can occur in the VX Complex.
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