09 December 2024 – 08:24 Central Euro Time

At present we’ve the Euro below its Neutral Zone for today, whilst above same is Gold; BEGOS Markets’ volatility is light-to-moderate. The Gold Update cites the narrowing of price’s trading range such that ’tis anticipated the current parabolic Short trend shall carry on for at least another week; provided as well is evidence of the S&P 500’s extreme “textbook overbought” condition, both technically and fundamentally. Amongst Market Rhythms, we’re minding the Spoo’s 12hr MACD as ’tis been a solid signaling performer from August-to-date: its next stance would be from Long-to-Short within a day or two, barring price resuming its upside breakout. Metrics are due every day this week for the Econ Baro, starting today with October’s Wholesale Inventories.