USD: Jun '24 is Up at 105.545. Energies: Jun '24 Crude is Up at 84.15.
USD: Jun'24 is Up at 105.545. Energies: Jun '24 Crude is Up at 84.15. Financials: The June '24 30 Year T-Bond is Up 8 ticks and trading at 113.18 Indices: The Jun '24 S&P 500 emini ES contract is 160 ticks Higher and trading at 5122.00. Gold: The Jun'24 Gold contract is trading Up at 2358.50 Initial conclusion This is not a correlated market. The USD is Up and Crude is Up which is not normal, and the 30 Year T-Bond is trading Higher.
Remember it's likened to a seesaw, when up goes up the other should go down and vice versa. Yesterday the ZN migrated Higher at around 10 AM EST as the ZN hit a Low at around that time and the S&P moving Lower. If you look at the charts below the ZN gave a signal at around 10 AM and started its Upward climb. Look at the charts below and you'll see a pattern for both assets. S&P hit a High at around 10 AM and migrated Lower.
Technical Analysis Correlation Equities
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