Daily Market Intelligence 5/2/22

We’re experiencing a weekly closing matrix breakdown in Russell & Spoo.

Nasd has yet to confirm the next swing lower.

Spoo selloff shows a possible bounce level just above 4100 on the 100X3.

There is currently two primary Fib swings to measure. 2020 low to the 2022 high and the 2008 low to the 2022 high.

It matters not what instrument you look at in the Equity world, there are only two swings.

Besides those fib swings we have the matrix work to give us trade location and keep us out of trouble.

A Wed-Thursday failed high after FOMC would stick a fork in the indices for quite a while.

Index Yield charts broke down.

Looking for failed raliies.

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