31 Aug ’22, 09:20 Central Euro Time:

Copper and the Spoo are the two BEGOS Markets at present above today’s Neutral Zones; the balance of the bunch are within same, and volatility is light. By Market Trends, only Oil and Copper are in linear regression uptrends: however the “Baby Blues” for the latter continue to drop as the uptrend’s consistency fades. However for the Bond, that measure (in real-time -92%) is worth watching for a move above the -80% level, after which higher prices by rule continue to ensue. For the Spoo by its Market Profile, the 4026-4060 zone appears near-term resistive; the S&P itself is building in a bit of “textbook oversold” aspect, and there is still a lack of any real fear per our S&P MoneyFlow page. Back on the Econ Baro’s calendar after a two-month “retooling” absence is the ADP Employment data for August, as is the month’s Chicago PMI.

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