The Day Ahead: AM Edition 2021-05-25

Bears taking a shot at pressing lower today in the equity indices

Bonds

Well, ZB has continued to grind up from the higher low set on May 19th. I may not like it, but probably time to consider that the [B] wave low is in and now in [C] up. I wouldn’t say the (B) of [B] idea is down and out, but not looking that good right now. Regardless of EW count, short term resist at 158^11 which if it fails leads to the next step …