The Day Ahead: AM Edition 2021-03-08

SPX contemplates a lower high, bonds still vulnerable to a minor new low

Bonds

While they did have a decent bounce up from the 155^24 support, they have yet to recover 157^10 and thus vulnerable to a retest of that or lower at 155^05. Can argue that the form down from February 26 needs one more low.

Need one more low?

Crude Oil

Crude spiked up to a fib growth level up from the March 2nd low and has a believable five count. Now t…