A.M. Look 2/22/23

Kudos to Andrew for finding the map of the week.

The chart shows Short Spoo/Short Bonds/Long Copper.

As discussed late day yesterday, it is matching up with a 50% level in the Spoo, a good PNF low on the 100X3 30 yr. with a rally to a matrix level in Copper.

It should not be surprising to anyone that listened to the conversation that the entire board is trying to go in the opposite direction.

It’s the half of the life of the contract FIB @ qtly cloud support!!!!!!!!!!!

You’ve seen this movie before in Oct when FX and 30 Yr. Futures lined up @ 50% of life swings or 5 decade traces!!!!!!

Now we have to monitor price to see if the bounce gets any legs, which can take a couple of sessions.

This entry was posted in Archive. Bookmark the permalink.