New Format For Market Posts

* Please bear with me as I try a new format for these market posts. I want them to be less wordy and more to the point so that they are more easily accessible intraday.
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Outliers & Quick Takes:
Overnight saw China up 4.74%, Natural Gas up over 4%, and 10-year notes trade on huge volume relative to the rest of the futures complex.

The Chief Redistributionist took a victory lap last night by informing us that "the shadow of crisis has passed." Evidently some in the treasury market are saying oh, really?

Elsewhere, doubts seem to be creeping into the BOJ & ECB QE joyride while sentiment remains elevated toward US equities.

Equity Futures:
E-mini futures were down hard but are recovering.

Market Structure:
The S&P cash continues to trade heavy. 2003.89 is a likely bull/bear line for the time being. Keeping above this level may open the door to a retest of the 2060 area. But below it could put 1972.56 in jeopardy which could see anything from the 1960 area to the 1920 area.

However, I continue to see such a possibility as a 2nd wave in a developing 5-wave rising wedge to new all-time highs.