30 November 2022 – 09:16 Central Euro Time

Gold is the only BEGOS Market at present trading outside (above) its Neutral Zone for today; session volatility is notably light. By the S&P MoneyFlow page, the Index per the quarterly measure shows as 511 points above the flow, indicative of materially lower price levels; too by Market Values, the Spoo (in real-time) reads as 112 points “high” above its smooth valuation line; thus far today, the Spoo has traded fairly in between its two most dominant Market Profile apices: 3958-3970; the “live” P/E of the S&P is 36.9x. ‘Tis a busy day for the Econ Baro with November’s ADP Employment data and the Chicago PMI, October’s Pending Home Sales, and the second look at Q3 GDP. Late in the session comes various FedSpeak and the Fed’s Tan Tome.