I'm not crazy about it, but bias is still higher in SPX. Expect an attempt to bounce up to around 3326, perhaps even the gap fill in the morning. Will see if they stall out and drop in the late afternoon or if there is enough momentum to coast to 3339 or higher tomorrow.
SPX is gap up again but I can't pound the table for higher. Next intraday target higher at 3333 and next daily target at 3339.
Have had a request for an updated UNG chart listing next supports since it dropped through 16.03 this week so I thought I would put it here. Ideal cycle low this week with supports at 15.21 and 14.82.
As expected, bonds have drifted back up to retest resist at 159^24. I favor 159^24 or 160^31 holding as resist and bond prices falling out the bottom of support at 155^11. The Lomb Periodogram suggests bond prices holding up for another week or two before breaking lower.
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