Yield Sideways-to-Down: We enter the week with the 10 Year US Treasury Yield slightly bullish with a potentially lower yield

What could continue to move the yield lower? Demand, Economic Weakness, Event Risk Concerns, or Other Market Concerns/Factors could take the yield lower to 2 or below before a move higher

If the yield moved above 2.75 then some consideration would need to be given to a change in trend

Big Picture: This is a market that likely moves sideways for a few years and even revisits the previous low or lower

Bearish – Possible corrective activity, but breaking support at 92.56 opens the door for a likely decline to 87 or lower

Given global macro considerations coupled with no significant global anomaly event moving forward this index may have some serious weakness

Unless Middle East, North Korean, European, Venezuelan or other anomaly events start to dominate market participant decisions, then we are still in search of a low for the dollar

The question in search of an answer: What is the near term impact of Government and Central Bank intervention globally on economic activity? Do not rule out a revisit to previous index lows during this period of global consolidation. That said, this index is building a base to move higher

Caution is advised since global economic, social, political and military uncertainties remain problematic

Sideways choppy price action with this week’s prices more bearish than bullish

A complex, volatile and an uncertain market that deserves a great deal of respect in a world with building economic, social, political and homeland security uncertainties

North Korea, market structure, geopolitical considerations and building possibilities of a Venezuelan civil war are just some of the supportive factors

An important short week for market price discovery, assume bearish until price action proves otherwise

Given seasonal complex global macro challenges, as previously stated assume until price action proves otherwise that the bottoming process has not yet completed, and a retest of the $9.00 area or potentially lower into the $8.35 area is still a possibility

Assume bearish until price action becomes more supportive of a bullish case and give consideration to prices moving to their previous 2016 lows of $3.15 or below

Bullish bias remains, but keep peripheral vision on potential near term uncertain global economic crosscurrents related to currencies, bonds, equities and commodities as they go through a rebalancing process

An important short week, price needs to confirm that a bottom is in place, otherwise additional price weakness could resume given current global economic uncertainties

Presently strong resistance headwinds, in this aggregate market seasonality period give consideration to prices returning to their 2016 low of $3.90 or lower

A cautionary time period with momentum waning

Allow price action to provide guidance

Near term remain cautious of this index with momentum slowing

Allow price action to provide guidance

A cautionary time period of consolidation or even a correction

Allow price action to provide guidance

A cautionary time period

Allow price action to provide guidance