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.
Bonds had a nice drop from deep wave (II) resist at 158^23 today and now down at the moving averages and support at 157^08. Now need the latter to fail as support for the next move lower to really kick in.
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.
I'm going to use the weekly UNG chart for the big picture and then switch to the daily natural gas futures chart for the fine details.
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