A.M. Look 1/10/23

Soybeans; all the volume is in March. Pay attention to which chart you are looking at.

Indices will get going by 8: A.M. CDT

Today’s game; where does the Spoo hold on a spike down?

3875 is the reversal # on the 100X3 into the qtly pivot.

30 Yr. Bond; 127.00 is needed for a reversal on the 32X3

Gold needs an 1848.50 print for a reversal on the 100X3

Prices action trading.

Do we get an initial spike down and a hold with new buyers coming in after the NYSE open or just the opposite?

Looking at the risk spreads I can make a case for a hold right here or further downside.

I don’t know so remain flexible and above all do not get opinionated!

This entry was posted in Archive. Bookmark the permalink.