The Day Ahead: AM Edition 2021-06-17

S&P 500 followed the plan with a morning bounce, now to see if bears can press it lower in the afternoon

Jun 17, 2021

∙ Paid

Bonds

ZB on fire this morning breaking the prior form for a wave iv. Now looks more like a WXY where we are in the late stages of ‘v of (C) of [Y]’. First resist at 160^21 but a chance it extends while above 159^31.

Crude Oil

CL bounce a bit after testing support at 70.00. Bears would be better off with another swing low after a bounce so…

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