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The Day Ahead: AM Edition 2021-06-03

The Day Ahead: AM Edition 2021-06-03

Initial weakness in equity indices reversed, not clear it persists

Jun 03, 2021
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Trading On The Mark
Trading On The Mark
The Day Ahead: AM Edition 2021-06-03
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Bonds

The news that the Federal Reserve will begin selling corporate bond holdings from June 7th brings the idea of down in [B] back to life. Resist at 156^24 held and bonds have been dropping steadily this morning. Now assuming ZB is down in a small wave III that should target 154^25 or 154^08.

Down in [B] is back

Crude Oil

CL is extended but a little shor…

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