29 Aug ’22, 09:23 Central Euro Time:

Save for Oil, the seven other BEGOS Markets are starting the week in the red; volatility already is moderate-to-robust. The S&P 500’s ongoing correction swiftly hoovered down through the near-term structural support of 4100s following the Fed’s hawkish tone on Friday: the lower 3900s offer some “braking zones” lest the run ensues to test the broad 3600-3200 support area. The Gold Update cites the yellow metal’s sleepy nature even as economic jitters continue to build. By Market Trends, Oil remains the sole BEGOS component whose “Baby Blues” of linear regression trend consistency are rising. The Bond, Silver and Copper are seeing the contract volume roll from September into December. And the Dollar is still making incremental highs into the area last seen in September 2002.