Daily Market Intelligence 7/2/21

Payrolls Friday is upon us.

The playbook has not changed!

Follow the long end of the curve for the first couple of wiggles.

Spoo’s…I could entertain a 4325 print on one short swing. 4462 is another potential target.

I’ll reserve my opinions until after the # since I’m not a fan of buying strength @ the top of a Channel.

Oil hit a multi-decade fib. Time to let it breathe.

The 2020 rally was the same length as the 2008-09 break.
The 2021 continuation makes it a $116 move.

Sustained and closing price action over 76.90 is needed to extend, which is not worth it. 

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