The Supercycle Score fell to 3/100, "Ludicrous Headwind," its deepest reading yet and the first ever in that band. The dollar firmed another +0.28% to 28.49, now 96.8% of its 52-week range, roughly a quarter percent below the 52-week high.

Tuesday's green wall split in two. The paper half gave it back Wednesday: Nasdaq −1.52%, crude −2.98%, copper −1.38%, nat gas −1.71%; the fade the last issue said to watch for.

But the hard-money half refused to fade. Corn +1.19%, platinum +1.13%, gold +0.60%, soybeans +0.49%, silver +0.21%; all green into a rising dollar, for a second session.

The dollar's own trend dot is yellow, not green: price at the ceiling, but its 20-day momentum (+88) sits below its own 14-day average (+128). Strength without acceleration, right at the top of the range.

Holiday-shifted calendar: June jobs report expected this morning; bonds close early today; markets closed tomorrow (July 4 observed Friday, July 3); next COT Monday, July 6.