A.M. Look 11/17/22

Spoo/Bonds says it all. We’re currently a few ticks from the weekly ORL sell stops.

The market will need to work through this area. This is a level that can be an initial Bear trap.

Russell is losing against all indices.

Gold, despite my belief that we’ve seen the top of the range just shy of 1800, is strong against the Yuan and sideways against the Euro & Yen.

Oil is weak in all denominated views.

Copper/Bonds is putting in a
reversal week

I will be leaving by 8:30 and returning early afternoon.

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