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Futures broke initial support 2755.. 2735 important for today- Tuesd am Technical Video, key charts of interest

S&P FUTURES_  hourly chart shows the trend gradually rolling over, but the trend had given ample evidence of rolling over late last week after hitting 2788 and signs of negative divergence amidst a very complacent sentiment picture coming into the worst seasonal week of the month of June.-  the break of 2755 today caused the acceleration and then snapback bounce attempt

2755 will be important to get over for futures to have any chance for stabilization today.. while 2761 also important.   2735 important on the downside-  Under leads to 2709

Both Treasuries and Yen strengthening, but strong USD holding back metals from rallying

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Key area here for S&P hitting uptrend from early may along with mid-May peaks.  UNDER 2735, the earlier lows point to 2709

 

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TNX-   Rates pulling back further under 2.90%  which likely continues to hurt Financials-  Avoid XLF, while pullback in yields very well could teste former lows at 2.7576 before bottoming

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USDJPY-  Increasing signs of USDJPY peaking out-    Yen joining Treasuries in rallying in flight to quality

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