Daily Market Intelligence 7/27/22

The room got short and covered into the low 3920’s.

We had a terrific conversation for the first three hours revolving around trade location, trading style and blending the thematic with the here and now.

Brian and Robert went over the Grains.

Yra followed up with thoughts on tomorrow’s FOMC.

Both the Spoo & Nasd held their 50 DMA.

Spoo has a significant matrix match against a Channel line.

This will be where the rubber meets the road in both Indices.

The levels are pivotal for both. Good above/ bad below.

Bonds over ran Langer’s upside # by a few ticks, however it did nothing to change the point & Figure, before backing off 2 full points.

For the past few years I have had more of a focus on the names than the Indices.

I spent the better part of a half hour explaining why the indices were currently cleaner trade.

There is an inordinate amount of knowledge that is freely passed when the brain trust is in.

You won’t hear sentient beings anyplace else.

Tune in and tune out the noise.

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