Daily Market Intelligence 5/11/22

Wednesday Rules.

Crude and Gold denominated in Yuan are both at critical must hold levels.

Violations tonight into tomorrow could see the unwinding of more Commodity Yuan based trades.

Gold needs to holding the mid 1820’s or it will retest its channel line @ 1775.

Russell Matrix matched the 2018 high and bounced for a trade.

Spoo/Bond held its 200 DMA and provided a weak bounce.

30 yr. Bonds is key to understanding the next wiggles.

Bonds and Indices have been moving in the same direction on this break. They could start to diverge providing another big trading opportunity.

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