A.M. Look 1/19/23

Spoos are back to a very high Dollar correlation. FX #’s are on the bottom in white of the Pit chart.

100X3 hit the level and the top of the cloud. Angelo was spot on late afternoon looking for a matrix print before a bounce.

One point Angelo picked up on was the disconnect with the long end of the curve and Utilities.
You’d think lower rates would put a bid to the XLU.

I’ve attached the Peso charts that got me thinking risk off a wee bit early yesterday.

Also note EWW reflects the flow.

You’ll get your chances today with exhaustion gaps above on the Pit session charts.

Spoo/Bond is into its 50 Week MA making it a poor level to sell into without further price action.

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