The Day Ahead: AM Edition 2021-08-12
SPX pokes to a new high after an early morning pullback. Still looks dangerous
Bonds
ZB couldn’t hold above 163^03 after the test of 163^21 which implies a bias lower, perhaps to a new swing low around 162^05.
Crude Oil
CL holding up this morning. Mild bias to higher while above 68.95. A little risky to chase but too early to sell. Bears start to take control under 67.92.
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