A.M. Look 10/11/22

Spoos have come down to reach Mortimers 2nd target from the high for a second time.
This is an area to Not Press shorts!

The market needs to collapse on its own weight.

Focus on selling failed rallies

Euro will need a 97.60 print for bottoming action.

Oil has been a great trade. I’m not sure I’d stick around for the next couple of dollars.

Yields are of utmost interest today.

Potential short term high in the 2’s. I will need to see closing strength above 4.36 for higher rates.
10’s have a similar pattern that says to not sell Futures weakness in the Bonds.

Having said that, I am not looking for this to be a major high in rates, just a caution zone for some back and fill.

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