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Tomorrow- Potential Polar Opposite

June 15, 2016

With the FOMC tomorrow, one thing is for sure. We will anticipate heightened volatility. Another is that we need to be on guard for some potential equal & opposites. The Treasuries started higher today but left a bearish structure. I like them short. The ES traded lower today but finished well. I like it higher. The Ag's were lower and finished well. I like them higher. The Dollar was higher today, but tomorrow I like it lower. Opposite for the Euro. Lower today means higher tomorrow. Also note that Gold is almost $100 higher from its last pivot low. It seems due a retracement. Careful in tomorrow's likely volatility.