Lower low

The market has made a lower low in the globex session on the S&P 500 futures. The last two trading days basically inconclusive as this market had low volume and volatility. With the overnight session lows at 1068.50, the next stop down is the support area around 1060 which should provide some type of bounce if we get down there. The 30-Year bonds are on the highs this morning and they continue to defy all logic as this could be telling us something about where the market is headed in the coming days. The daily CCT was flat on Friday and the total is still at +131 for the short term indicator.