The Picture has not Changed

The Big Picture

The picture we outlined last week holds, the S&P volatility is still here, the F-3 Fracture chart is back up again into the 35-45 swing area, the rate curve continues to flatten, and the 50 / 200 day chart is destined to cross down sometime in the next six days.

And keep In Mind

The S&P’s were a lot higher last week, especially late on Friday.  Wouldn’t you  think that the “Golden Boys” Mnuchin and Kudlow, maybe tipped a few people off as to Trump leaning to a photo shot cave for the markets.

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