28 June 2023 – 09:09 Central Euro Time

The Euro at present is the sole BEGOS Market outside (below) its Neutral Zone for today; session volatility is light. Along with Copper yesterday, the Spoo also confirmed its “Baby Blues” (see Market Trends) settling below their +80% axis; again this leading indicator reliably points to lower Spoo levels near-term. For the S&P 500 itself, the “live” P/E (futs-adj’d) is 55.6x, and the Index has now been “textbook overbought” for 17 consecutive trading days; indeed by Market Values, the Spoo is 193 points (in real-time) above its smooth valuation line.