11 August 2023 – 09:08 Central Euro Time

Early on we’ve all eight BEGOS Markets at present within today’s Neutral Zones; volatility is very light. By Market Trends, every component (save for Oil) is now in a decided downtrend, evidence of the Dollar’s strength during the past few weeks. Specific to the Spoo as regards our anticipated run down to at least 4455, yesterday’s low came relatively near at 4474, (considering having come down from our first such musings at 4634 some two weeks ago); Market Profile support shows at 4487, with the first notable resistor at 4514. The Econ Baro wraps its week with the UofM Sentiment Survey for August, plus July’s wholesale inflation read via the PPI.