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Rallies are met by sellers

CROSS ASSET
  • Futures are met by decent selling, Bobl 8k, Bund 5k, FVA 4k, Nasdaq 2k, likely squaring as the markets stays underpinned/ bid.
  • Looking at US Cash Equities, there's still 35 minutes to go to the open, but at current levels, SPX will be set to open 1.3% up, and at levels last seen since Mid September.
  • For NDX, it is set to open 1.7% up, and would have closed the 1st August downside gap.
  • Will update calls nearer the time.

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