"I've got plans to crash the Party!"
3 M, Daily - July 9 - /ZT-/ZN & /ES - A lot of parallel activity here. The Treasury Spread on the Left confirms the S&P on the Right. Today we had a small correction in both to the upside. Tomorrow is another day. The market closed on a weak note on Thursday.
20 Day, 2 Hour - July 9 - Channel Trend for the period is down. Today we had an early bounce followed by a choppy market. The market is in the lower portion of the channel which begs for more upward bounce but there are also suggestions of more weakness to come.
3 Month, Daily - July 9 - The month of June has been in a Bear Channel. Friday could see a bounce into the gold spot, but there is a real possibility of downward movement if money continues to move into the safety of Treasury Notes. The Trend of the Treasury Spread in the morning might be helpful in confirming direction.
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