11 Oct ’22, 09:27 Central Euro Time:

Silver, Copper, Oil and the Spoo all are at present below their respective Neutral Zones for today; none of the other BEGOS Markets are above same, and volatility is light-to-moderate. The stance of the Spoo at this writing would see the S&P open later today at a new low for the year as the Index flirts with the top of its 3600-3200 support zone; (again, fundamental support by earnings is more in line with the mid-2500s). For the Spoo, dominant overhead Market Profile resistance shows in the 3650-3653 apex area. The precious metals continue to recede following a price pop a week ago upon Gold’s daily parabolic having flipped to Long; however, the broader-based weekly measure remains Short such that the upper 1500s remain in play by the typical historical follow-through of such parabolic Short trends. Amongst the five primary BEGOS Markets, the strongest correlation is that which is positive between the Euro and the Spoo.