Midday Update: 2024-02-15
S&P 500 pushing for the overhead gap fill
Bonds
As I mentioned last night, I’m worried about the wave ‘b’ in bonds becoming more complex and is now early in moving up off of ‘[B] of b’ in ‘[C] of b’.
Crude Oil
As I was afraid of, 76.05 held as support which launched the rally today in ‘(V) of [C] of ii’. Targets for the high at 78.60, 79.35, and 80.30 if extended.
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