Mid-Week Shuffle strikes back. Spoo…4275 needed for a reversal on the 100X3 Looking at Spoo/Bond on a weekly the low is descent. Spoo will need to bottom and rally to 4325 for a tradable low. Nasd is into some initial … Continue reading
I’m looking for an interest rate driven morning. I spent time speaking to Gold not being favorable on the spreads for upside follow through. Today is as good a day as any to put in an extreme. 1860’s or the … Continue reading
Nothing stands out this A.M. Instruments seem rangebound in need of setting up for another move. Crypto is trying to find footing. BTC…31,732 200 DMA Gold…waiting and hoping for a chance to reload on a break into the 1840’s. Be … Continue reading
Daily Market Intelligence 5:24:21
Mvg averages matter!!! Bitcoin held its 200 DMA Spoo currently holding its 50 DSMA on retests. Gold/Copper…you’re looking at a swing from 1972! It held showing Gold gaining on Copper. Sustained closes over 4100, its 200 Month Mvg avg, is … Continue reading
Daily Market Intelligence 5:11:21
Corn; obviously a big squeeze going into May deliveries in 2 weeks. July has the most volume and is considered front month trading 33 cents under May (K) ADM is the early mover in the names Don’t kid yourself, May … Continue reading
Copper is trading close to its all time high yearly close. Per room discussion last week, a couple of closes up here will elect a 40% rally. Shanghai sold off last night , however it looks to be a one … Continue reading
Bitcoin just did a Matrix swing overnight and, has so far, honored weekly oscillator support. Etherium held the daily channel Copper…wants to challenge 2011 levels. I have a specific setup that will elect a target for a 40% swing higher. Those … Continue reading
Grains & Etherium are the feature. Bitcoin revisited the Matrix last night and held. Pattern recognition names; DAL, LUV, ENFR, BOTZ, ARKQ, PBJ, NOVA, RUN, GPP, SPWR The above are worthy of a look as all have possible bottoming patterns. … Continue reading