Daily Market Intelligence 7/6/22

Time frame trading with big stop runs in the Spreads and Indices.

I spoke about the free out before London’s close on the pattern ORL sell stops.

Googl and big cap tech were bid by the Algos, responding to lower rates.

That theme took over after London’s flow and never stopped.

Crude was a waterfall trade. I would not be surprised to see another rally.

The dollar Index went to the .618 of life of contract. Basically a Plaza accord swing.

Euro went to the screw you level of the Plaza accord!

I’m not going to quibble about a few ticks on a 4 decade swing.

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