Google & Crypto lead today’s price. Google will run the early wiggle in the Indices. MSFT…289.57 will be needed for a gap fill. Yuan got a bid to retest its 200 DMA. Surprise, so did commodities, Wheat… 7 dollars is … Continue reading
Spoo’s and Nasd are trading unchanged on the week. I have no interest in figuring out the Options machinations for today and how that will reflect on price in the Indices. Grains are in Play; A lot of smart people … Continue reading
Yesterday saw what happens to fundamental traders that know where the market is supposed to be. They were massively rinsed because they do not use stops. Their stop is when a PM taps them out. Soybeans and Wheat Put in … Continue reading
Pounds have a positive pattern, however GBP/JPY will need to sustain above 154.90, oscillator resistance, to confirm. Spoos…4175-79 is the level needed to penetrate for downside. 4175 is the reversal # on the 50X3. Spoo/Bond had room yesterday to the … Continue reading
Daily Market Intelligence 4:23:21
Spoo’s held half day momentum on last nights low. I still need sustained and closing price action above the target and last nights high of 3856.75. Soybeans and Wheat held weekly momentum Monday. That is the risk to be long.
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