Rising dollar with hawkish Fed statements over the weekend. Spoo…Matrix to Matrix. Let the day set up.
Daily Market Intelligence 5:31:22
Spoo probed higher and now shows a double top on the 100X3 @ last nights high. 4037.50 print is needed for a reversal on the 50X3.European Bonds were in really mode last night taking our long end along for the … Continue reading
Not interested in thinking going into next week. U.S, starts a long holiday weekend tomorrow, meaning most people placed their bets today. Next Wednesday will be of interest on the models. Commodities denominated in Yuan and Real are picking up. Crude … Continue reading
Spoo point & Figure show room to 4040 +- a few. Currently stuck under the 400 period hourly and yesterday’s high.Wait for it. Do not chase direction either way!
Indices held and rallied to first resistance. Semi’s & energy led. Taking it a day at a time.
Do your homework. Euro & Indices have been trading directionally this week. Bounces in the Euro have lined up with the same in the indices(BN) Fed’s Balance-Sheet Unwind Puts Treasuries on ‘Uncertain’ Path Co written by Alex Harris. This is … Continue reading
I have no further comment on today’s price action. Spoo’s want to trade into the gap on the 240 minute. Big cap tech names have been trying to rally and back fill gaps all day. You’ll get your chances. Seriously … Continue reading
Spoo will revolve around the matrix level. 3900 print is needed for a reversal on the 100X3 with 3895 first cloud support.Euro & Gold are very close to resistance. Euro… the down channel its been following since 123.00 Jan 2021 … Continue reading
Energy seems to be one of the better plays. Natty should trend higher with summer heat and European friends looking to top off reserves for next winter. Spoo’s can stop right in here or go another 50 points. I’ll look … Continue reading