Spoos held last night!
Using the 50X3 for risk management.
First chart is June 25X3.
Sept must close above 4196 which is the continuation weekly ORL.
FX; Dollar bid is bigger than I would’ve thought.
Gold has completed a 50% retrace of the recent move.
The spreads are not to where I want to step out and play.
I’ll give it a few days.
Yra did a podcast yesterday at the tail end of the press conference in which he read FOMC as dovish.
Asia and Europe read it Bullish dollar and negative risk assets.
Grains are a weather market with the Chinese looking at the same forecasts we are and that is great growing weather in the upper midwest.
It will be raining on La Salle St. tonight.
Yuan is trading back at its 50 DMA. I’ll be watching it to see if commodities respond positively off the level.
I’ll be around for most to the A.M.