Mr. B with not much to report.
The NYMO cycle is unclear.
We have been bobbling about the zero line for days now (unusually long).
It is poised to confirm a down cycle, but so far does not like to be in negative territory.
So, the official cycle remains up but on the verge.
Price continues to open down gaps.
There is a plethora of them, and Pac Man is getting closer to his meal.
Price continues to climb above the upper keltner band.
When it falls back inside the band, it should be good for a trip to the middle keltner and possibly the lower.
I am still long that SPX runner and short a partial position in R2K.
I thought I would be out of the R2K by now, but it has remained kinda soft.
Call me hedged...
I would like to stay the course if I can anticipating that directional clarity will emerge next week after OPEX.