USD:Dec '23 is Up at 106.070. Energies: Dec '23 Crude is Up at 89.64. Financials: The Dec '23 30 Year T-Bond is Up 17 ticks and trading at 108.12. Indices: The Dec '23 S&P 500 emini ES contract is 56 ticks Lower and trading at 4289.00. Gold: The Dec'23 Gold contract is trading Up at 1995.60. 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.
Yesterday the ZN migrated Higher at around 8 AM EST as the S&P hit a High at around the same time.If you look at the charts below the S&P gave a signal at around 8 AM and the ZN started its Upward trend.Look at the charts below and you'll see a pattern for both assets. S&P hit a High at around 8 AM and migrated Lower.These charts represent the newest version of MultiCharts and I've changed the timeframe to a 15-minute chart to display better.