The Range playing with the NAZ is all I see. The 10YN and Russell are at their lowest (recent) levels, the Dow and SP are at their highest. Should the 10YN and Russell Bounce, the NAZ will follow and the potential drop of Dow & SP would be less concerning. We may see some continued fall out of the Block Trade issue. Look to short at top range 13000 and buy at lower range 12720. I would expect the 1st major move today to be to the downside (testing support) and then a run up to upper area. Should the lower end test not hold, that could be the case and is in line with 10YN correlations. However in viewing the attached 4 Index chart, it looks like NAZ & Russell could bounce (W's) and Dow & SP could fall.
Trade active:
6:45CT Lower level of 12845 seems to hold, look for test at 12815 at open or prior to.
Trade active:
9:04 1st Long Target 12925
Trade closed manually:
Long to Target, I would not expect much PB for remainder. Should hit Long target, Trail with stop. I am out balance of day.
Trade closed manually:
Range days can lead to big move days. The 9AM Long to target was the longest runner and that was basically it for the day.