The Day Ahead: AM Edition 2021-05-26

Can the equity indices move lower after a lower high? Can Euro begin to reverse lower?

Bonds

I remain uncertain of what form they are working on here but do think ZB is getting a bit extended. The Wave 59 9-5 study agrees with this as we are just one candle short of an exhaustion signal. Might stretch to tap 159^01 but I can’t see being long here.

Nearing the end of [C]?

Crude Oil

CL had a minor setback as there was a minor reaction to 66.40…