21 July 2026 – 08:41 Central Euro Time

All three elements of the Metals Triumvirate are at present above today’s Neutral Zones, as is the Spoo; the other BEGOS Markets are within same, and session volatility is again mostly moderate. Looking at Market Trends, we’ve four that are positive: the Euro, Copper, Oil and Spoo, and thus four which are negative: the Bond, Swiss Franc, Gold and Silver; however therein, the “Baby Blues” of trend consistency are rising for each market except the Bond and Spoo. The Bond yesterday fell below volume-dominant Market Profile support at 111^06 to now 110^25: our best Market Rhythm for the Bond of pure swing consistency is (10-test basis) the 15mn Price Oscillator and (24-test basis) the 2hr Moneyflow. The S&P 500’s MoneyFlow relative to the Index itself is positive per all three of our timeframes (weekly, monthly quarterly) suggestive that investors have yet (these recent years) to be put off by the high P/E (at this moment futs-adj’d being 44.7x).