A.M. Look 10/17/23

8:30 EST
Core Retail Sales m/m
Retail Sales m/m
9:15am EST
Industrial Production m/m
Capacity Utilization Rate
It’s remains short Bond Futures/ long Gold or other assets.

Bonds are a sell a failed rally trade. Selling down here with the current P&F structure will not be good for your fiscal health.

30 yr. has to hold a retest of the payrolls low ( app 5% yield) or it will be a quick trip to 100 in the Futures.
6.24 is the next general level above 5% in yield where you can look for a descent reaction.

Those are 5 decade Fibs on the Yield chart

Spoo…4375 is the game.

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