A.M. Look 8/20/20

Spoo..the low last night provided a pressure relief for the 50X3.
100X3 would require a 3300 print.

Spoo/Bond…has gone sideways to catch up to its short-term averages.
Aug. 3 was the last time the spread touched the level.

30 Yr. Bonds are right on the qtly 50 yard line. Absolutely nowhere!

Yesterday’s. Spoo high is good enough to be the high for a while.

Let’s be patient and listen to Mr. Market.

Trade to make money.

Price action rules.

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