01 February 2023 – 09:26 Central Euro Time

Copper is trading at present below its Neutral Zone for today; the balance of the BEGOS Markets are within same, and volatility is light ahead of the FOMC’s Policy Statement (19:00 GMT). By Market Values, the Bond, Euro and Oil are in sync with their smooth valuation lines, Gold shows as 62 points “high” and the Spoo as 95 points “high”. The S&P itself is now 13 consecutive trading days “textbook overbought” and the fut’s-adj’d “live” P/E is 40.3x. By its Market Profile, the Spoo’s most dominantly traded price across the past ten trading sessions is 4033. For Market Rhythm consistency, on a 10-test swing basis the best of late remains the Spoo’s daily Moneyflow study and on a 24-test swing basis ’tis Gold’s daily Parabolics. The Econ Baro awaits January’s ADP Employment data and the ISM(Mfg) Index, plus December’s Construction Spending.