The Day Ahead: AM Edition 2021-05-11

Does the low this morning stick or do we need lower in the S&P 500?

May 11, 2021

∙ Paid

Bonds

ZB is drifting lower today but is nearing support at 156^17 so think it prudent to allow for a bounce relatively soon. Resist at 157^14 and 157^25.

Leaking lower but looks like a bounce soon

Crude Oil

CL bounced again from support at 63.85 and is back up near resist at 65.40 but this looks like a corrective bounce ahead of a move lower that has some f…

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