Do your homework. Euro & Indices have been trading directionally this week. Bounces in the Euro have lined up with the same in the indices(BN) Fed’s Balance-Sheet Unwind Puts Treasuries on ‘Uncertain’ Path Co written by Alex Harris. This is … Continue reading
I have no further comment on today’s price action. Spoo’s want to trade into the gap on the 240 minute. Big cap tech names have been trying to rally and back fill gaps all day. You’ll get your chances. Seriously … Continue reading
Spoo will revolve around the matrix level. 3900 print is needed for a reversal on the 100X3 with 3895 first cloud support.Euro & Gold are very close to resistance. Euro… the down channel its been following since 123.00 Jan 2021 … Continue reading
Energy seems to be one of the better plays. Natty should trend higher with summer heat and European friends looking to top off reserves for next winter. Spoo’s can stop right in here or go another 50 points. I’ll look … Continue reading
Larry Summers has been pushing a relaxation of China tariffs as a way to reduce inflation. Apparently it got the attention of the administration.Last night’s highs in the Indices sem ok for an initial price rejection. I’m not interested in … Continue reading
China eases and Toyota says it would be happy with the Yen between 116-122. Spoo’s require a 3950 print for a a reversal on the 100X3. 50X3 has room for a move to 3975. Russell low was the 2018 high … Continue reading
Spoo attempted 5- 50 point rallies today and settled below the Matrix. Looking for lower. Spoo need to run the stops below last years low before you can bottom fish. Dollar broke off Yellen comments last night. I’ll be watching … Continue reading
This is the same price action is last Thursday! Pit Index gap lower. Possible double bottom spoo. 141.17 is big in the 30 Yr!!! Watch for reaction off spread!
Daily Market Intelligence 5:19:22
I’ve been starring at the screen trying to some something to say something. For now the Spoo’s missed putting a reversal by 1 tick and the 30 Yr. by 2. Euro requires a 104.75 print to confirm yesterdays high. Don’t … Continue reading