The Day Ahead: AM Edition 2021-07-09
S&P on track moving higher in the morning, allow for a consolidation in the afternoon
Bonds
ZB weak this morning having dropped through 163^11 to test 162^18. This is a good spot for wave IV if we are to get a new high later next week. Alternate is we only get a modest bounce for a lower high and the (V) of [C] of iv is set.
Crude Oil
CL came through with continued bounce this morning to test the bottom of the wave [B or II…
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