A.M. Look 5/2/24

Foreplay is the best way to describe today.

Gold reverses with a 2300 print. Crosses against FX are weak

Spoo…5087.50 puts in a short term reversal up. 5025 print turns the market down.

Yen is running the Metals spreads and the correction in the crosses.

The game is afoot and it will be tomorrow. Looking to the 30 Yr. for clues.

The Pit chart is the key. Which gap will it gravitate to first?

We had a discussion in the room going into the close whether the indices has put in a high or a low for the week.

I think it will take into Payrolls to play out, meaning keep your trading hat on and don’t get overcommitted today.

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