08 Sep ’22, 09:27 Central Euro Time:

Silver, Copper and Oil all are trading at present above today’s Neutral Zones; none of the other BEGOS Markets are below same, and volatility again is mostly moderate. In real-time, the “Baby Blues” (see Market Trends) for both Gold and Silver are turning the corner to the upside: should their respective Blues levels reach above the -80% axes, it suggests still higher price levels ahead; and as did Silver’s daily Parabolics already flip from Short to Long, so too are those for Gold provisionally (confirmation would come at today’s settle). The Spoo is higher as the S&P looks to unwind a still mildly “textbook oversold” condition within the broader downtrend: by Market Profiles, Spoo 3987 is the most dominantly-traded price of the past two weeks. Late in the session the Econ Baro looks to July’s Consumer Credit.

Leave a comment