04 September 2024 – 08:23 Central Euro Time

The Swiss Franc is at present above its Neutral Zone for today, whilst below same are both Copper and the Spoo; BEGOS Markets’ volatility is light. The S&P 500 at the moment would open down another -0.5% “as the selling continues”: obviously foretelling all this have been weak earnings, unsupportive MoneyFlow and strained “textbook overbought” conditions. For Fib followers, from the S&P’s 05 August low to its 26 August high, and initial Golden Ratio retracement (-38.2%) would bring 5450 and such complete Golden Ratio retracement (-61.8%) 5324. In looking at Market Rhythms for pure swing consistency: on a 10-test basis we’ve both the Bond’s 6hr and 12hr Moneyflows, whilst on a 24-test basis are Silver’s 8hr Parabolics, the Yen’s (albeit not yet a BEGOS component) daily Price Oscillator, and Oil’s 1hr Price Oscillator. The Econ Baro awaits July’s Trade Deficit and Factory Orders. Late in the session brings the Fed’s Tan Tome.