21 June 2023 – 09:12 Central Euro Time

Only Silver is at present trading below its Neutral Zone for today; the other BEGOS Markets are within same, and volatility is light. Whilst the S&P 500 yesterday slipped a bit (-0.5%), its MoneyFlow equivalent gained a full +1.0%, the differential across our three time frames as noted on the MoneyFlow page. June’s strong housing data as reported on both Monday and Tuesday works in the FOMC’s favour to vote for another rate hike come their 26 July Policy Statement. By Market Rhythms, the most consistent on both the 10-swing test and 24-swing test basss is Oil’s 15-min. MACD. FedChair Powell commences his semi-annual Humphrey Hawkins testimony today before the House Financial Services Committee.