A Few Things

SPX daily Candle Chart looks a bit troubling for the bulls but we need to see how today plays out to feel confident in calling A short term top.Chicago PMI missed expectations and touched a 22 month low as prices ,new orders and Employment all fell vs last month.Consumer confidence beat consensus and came in near upper end of range of expectations as optimism regarding labor market rebounded from last month.per Bloomberg “Buying plans for Cars,homes and major appliances cooled”

Tale of the Tape

Soybeans going to Zero it appears as both July and November beans touch new contract lows today

SX9

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