Daily Market Intelligence 11/11/22

Wednesday Rules and Full Moon Trading.

Spoo has room into either side of 4K where all the targets and initial matches come in.

30 Yr. reacted to the FED being easy.
30 Yr. Yield just completed a 50% retrace and a normal standard deviation move.
8-10 Full Futures points.

The bulk of the room captured part of the move by either coming in with some long exposure or buying the first break into the matrix level.

David has the market firm for another couple of days and I see no reason why the breaks don’t hold into next week.

The bigger moves in the Spoo have been 240-260 points without a reversal on the 50X3.
4K area is the natural place to look for that rejection.

FX; this CPI just helped out emerging markets in a big way. When I look @ qtly FX charts, upside looks limited.

Simply put; Indices are closer to shorter term targets matching the currencies than to support.

GoldinEuro spiked its 200DMA and top of cloud. Goldin Yuan ripped close to the June high.

Gold has room to just shy of 1800.

Trade location is everything.

I cover a ton of instruments in the room. Many of you have day jobs so I’ll happily honor requests for specific instruments.

I’m not omniscient, I have no clue what you’re interested in unless you speak up.

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