The Day Ahead: AM Edition 2021-05-12
The CPI number took equities down in the morning but may recover in the afternoon
Bonds
ZB punched lower on the higher than expected CPI but this could be the first segment of the [B] wave retrace.
Crude Oil
CL being difficult. Looks like late in an ending diagonal (C) of [Y] of b of (a). Short term bullish while above 65.85. Beware after it pokes a new high over May 5th.
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