Risk On Trade Continues

Morning Update

Early morning market update! As we noted yesterday the risk markets continue to plow ahead with fervor. We like this move and believe it does have some staying power. With that said, we would like to note the SP500 futures are trading at the .382 retrace level of the recent down move and should see some profit taking and back and forth here near 3800:

Source: CQG, Magnelibra