Greetings Once Again, Everyone!

Corrective nature we spoke of about 6 hours ago has come to Fruition with the Dollar and Yen Strengthening on a slightly IntraDay Basis. This is evident in most Majors as well as the Crosses, and the “Catalyst” of more Issues out of North Korea keep the Asian Sectors largely “Flat” to “Negative”… hence we are seeing U.S. Equity Futures Bidding Down a bit as well.

More Housing Issues are also In Play… with my own Fair City of Phoenix topping the List with a 36% Drop in Depreciative Value on the Case-Schiller Index.

The S& P looks now to the 880 Static Support, as Gold and Crude Oil come off of their Bullish Sentiment of the last week as well.

In my personal View… “Full-Blown Risk Aversion” is not really back… and we are seeing Sentiment here for more Attractive Effective Costs for Bullish Builds… as we have seen so far in The Fiber and Cable.

The Swissy is in an interesting Area… as the SNB still looks for active Intervention in keeping The Currency weak and “Pegged” around the 1.0800 Handle with The Unit. We Clipped the Descending Triangle we put on The Daily a couple weeks back, and Accumulation may now be “In The Works” as the 1.1150’s holds a new “Transitive Rollover” Area.

Here is the Daily of the Swissy… as well as The Hourly Views of The Euro and Gold to get a little “Snapshot” of the various Corrections and Pullbacks.

Give the Captures a Click, as always… and Post-Time is 13:20 GMT.

Let’s check in a bit later as the Institutional Block Orders are absorbed in the Equities, and we watch for the Coveted 880 Figure on the S&P 500.

Gold is still a Major Factor to watch, since Its “Inverse” Correlation with The Dollar is largely back Intact… this may give us a little “Window” on The Dollar Behavior moving forward.