Futures are up moderately, tagging our .886 Fib target well ahead of schedule in anticipation of Jackson Hole Fedspeak which confirms the market’s rate cut expectations.
continued for members…
ES has been hugging the .886 all morning.
…while SPX closed above its .886.
The EURUSD is still sitting just below its .886, with DXY sliding into the lower end of our price target.
CL and RB continue to look vulnerable but are taking their time…
…which means TNX is continuing to go sideways.
Stay tuned…