19 October 2023 – 09:04 Central Euro Time

Narrow ranges thus far characterize the BEGOS Markets: only the Bond is at present outside (below) its Neutral Zone for today, and volatility is notably light, the Bond with the widest EDTR tracing to this point (see Market Ranges) at just 37%. Gold’s weekly parabolic trend has provisionally flipped from Short to Long, (confirmation to come upon Friday’s settle); price, which just two weeks ago was better than -100 points below its smooth valuation line (see Market Ranges) is now (in real-time) 71 points above same. As for the Spoo, should the recent 4431 high not be eclipsed, our 4500 notion likely gets nixed. Incoming metrics for the Econ Baro include October’s Philly Fed Index plus September’s Existing Home Sales and Leading (i.e. “lagging”) Indicators.