Midday Update: 2024-02-06

A relatively dull day in the equity indices

Bonds

ZB is on plan as it has bounced up to the first resistance level of 121^05. Could extend to test 121^23 but do raise stops if you are long.

Working on a wave [II] bounce

Crude Oil

CL also mostly on plan as it has bounced to just short of the 73.90 target before starting to slip back under 73.10. I’d like to see a continued move down from here to a ne…