Everyone is crowing about rate cuts after Friday’s Payroll #.
After a matrix to matrix swing in the 30 Yr. Langer picked off the retrace hold in both the Spoos and Bonds.
They both traded the levels simultaneously and then took off.
Bonds up = an everything rally.
30 Yr. is putting in a year long wedge on the long term point & figure. It won’t stay here.
The end of the week brings more inflation data.
Nikkei has broken out of its congestion. Trailing stop is now the high matrix on the sheet.
The target “WRITE it on your sheet!” is 60,385 as long as there is no weekly close below the high matrix # on the sheet!
You’ve seem this movie in the Copper. You get a target, but that target gets negated once back below the old high and or Matrix level.
Spoo should print the target by Monday, which is exactly what I said in the room just after the Friday data release.
Bitcoin is consolidating.
Gold needs a 2370 print to trap new longs.
Tradable support in Silver is @ 303.32-50