04 October 2024 – 08:21 Central Euro Time

At present we’ve the Swiss Franc and Gold above today’s Neutral Zones; none of the other BEGOS Markets are outside of same, and volatility is light with September’s StateSide Payrolls for the Econ Baro in the balance. The Spoo’s “Baby Blues” of trend consistency confirmed dropping below their key +80% axis, indicative of still lower price levels near-term, (see Market Trends); by structural support of the S&P 500 itself, a Spoo move (inclusive of its current +50 “fair value” points) down below 5600 wouldn’t be untoward. Of note per Market Rhythms, the non-BEGOS Yen’s daily Price Oscillator by its “continuous contract” (which regularly has been one of the best Rhythms per our 24-test pure swing basis) flipped to Short effective today’s open. As for Gold, ’tis been a relative lackluster week given Mid-East events; more on the precious metals tomorrow in our 777th consecutive Saturday edition of The Gold Update.