A.M. Look 11/30/23

We’re into the monthly end game.

The mere fact that Spoos couldn’t print 4550 has me looking for the matrix.

Gold…wait for a break into the 2040’s to entertain any buying.
This has to digest the target level .

Oil is trying to sustain back above its 200 DMA. Buy very hard breaks, which is what I’ve been saying for the past two weeks.

Yra has maintained his macro view that the Yen is undervalued against the Euro, a theme he’s been discussing for two years.

152 USDJPY provided a 25 figure retrace in 2022. Yen and EUR/JPY are setting up for another run with defined risk.

30 Yr. Bonds will require closing back under 116.16 and a 114.00 print for the Bulls to get rinsed.

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