Daily Market Intelligence 4/13/23

Wednesday has come and gone with ORL days in Spoo/Bond, Spoos, Nasd/Bond & Nasd, Russell. Russell/Bond did not complete the trifecta.

For the past two weeks I’ve been looking for a reversal on the Spoo 100X3.
A 4100 Spoo print completes the reversal whenever it trades there as long as today’s high remains intact.

Swiss bonds put in an ORH as all other European debt bit the dust with ORL’s.

I’m not crazy about the lows in the Bund & Italian 10’s. I would not be surprised to see a rally which could screw all the equity shorts.

Same game in a new week. Direction and patterns must prove out.

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