7:29 am PST. It looks like the FXE will probably retest the upper trendline of this channel into the French election on May 7. I exited my SPY calls for about 25% and TLT puts for about 40%. Treasuries and gold are bouncing now, while the indices are pulling back. I think this will be a choppy week into the French elections, after which time the markets will probably trend again.