The Day Ahead: AM Edition 2021-07-08
Equities soft overnight. Bears need to step in soon or retreat
Bonds
ZB initially higher this morning to stretch for an extended internal fib target at 164^29. Under 164^05 enables a retrace in a small fourth wave to test 163^11 or 162^18.
Crude Oil
CL poked a fresh swing low early this morning which makes things look better for bears in the big picture but does imply a three wave …
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