Spoo…It will take a 4587.50 print for a descent back and fill. Oil…traded exactly as discussed. Copper…is currently trading above the ORL sell stops. Give the board a chance. If the Indices are to back off it will take a … Continue reading
Daily Market Intelligence 10-21-21
This in lieu of tonight’s DMI. Technical models that had a chance of changing direction have not. Models are up. It’s long the world in assets denominated in Yen. We’ve been featuring these looks for days. The more I look … Continue reading
Spoo…4479.75 is support. I will be paying very close attention to the Spoo/Yield chart for a retest of the highs. A breakout above would signal a massive risk chase.
Daily Market Intelligence 10-19-21
Spoo rallied 120 points into resistance before putting in first pressure relief reversal. 4425 print is needed on the 50×3. Crude should be firm for another 2 days. European debt is the feature today. let the day unfold.
Daily Market Intelligence 10-18-21
Daily Market Intelligence 10-15-21
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.
SX22..Jan Soybeans above 12.11 have bounce potential. Late day the room discussed interest rates with Yra. This current bounce was triggered off a technical level in Gilts and the 30 Yr. Monthly cloud. The yield shows mvg avg support @ … Continue reading