23 February 2024 – 09:31 Central Euro Time

At present, all eight BEGOS Markts are inside of today’s Neutral Zones, and volatility is light. Copper’s cac volume is moving from March into that for May, and we ought see same for Silver as the new week unfolds. The “live” P/E of the S&P is now 49.0x, exemplary of the comparatively weak Q4 Earnings Season, which itself has one more week to run even as the Index continues to ascend. Our top Market Rhythm for swing consistency (10-test basis) is the Euro’s 30mn Parabolics; more broadly (24-test basis) ’tis Silver’s 30mn Parabolics. Hardly robust is Gold (2030) as it tries to defy the 2020-1936 structural support zone: more on it all in tomorrow’s 745th edition of The Gold Update.