European Debt rollover. Volume is almost 50-50 Know what you are trading. Oil…6995 is today’s 200DMA Spoo…4575 is the reversal # for the 100X3. I have no preconceived notion on how we will trade today.
Energy reports this A.M. It’s an everything up morning. Materials have a bottoming pattern. Spoo is into initial resistance. European debt shows a bottoming pattern which means money for nothing trade is back on. Let the day set up.
Which chart is the correct chart during rollover? “Who’s your daddy?” Spoo’s…The March contract completed a full reversal on the 100X3 Currently both SPOO/BOND spreads are trading below the 2018 high. This is happening as European Debt is in rally … Continue reading
European Debt Futures have a bid going into Thursday’s ECB meeting. Mexican Peso is receiving some of the bets for a Dollar decline traders are placing before the election. Bitcoin is challenging last years high. XLNX up/ AMD down on … Continue reading
Daily Market Intelligence 5-29-20
Italian 10’s have rallied to momentum resistance. Bono’s are putting in an ORH @ the bottom of a down move ( Bullish) Watching both as a demand indicator for Gold upside. Indices…still treating yesterday’s and last night’s lower retest as … Continue reading
It’s good news week. Bunds came within a few ticks of filling its rollover gap to the downside. There is another game be being played out in the Italian, French and Italian Bonds I can’t wrap my head around. Conclusion; … Continue reading