Daily Market Intelligence 1/19/23

I could spend all night putting in charts.

It’s not worth the effort.

Commodities in general put in ORL topping patterns.

Indices put in ORL patterns along with the risk spreads.

The disconnect from the long end of the curve from every asset class after 9: A.M. CDT was incredible.

Spoo/Bond closed on it’s 200 DMA!

It’s Wednesday and rule @1 is that directional follow through is a low probability occurence.

The peso putting in a double bottom (high in Futures @ FEB 2020 @185611 was something I saw as Bearish Indices and risk assets.

But of course there was one more rip your face off rally before the turn!

Trading isn’t always easy.

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