The Day Ahead: AM Edition 2021-08-11
Pop and drop on the morning CPI number in the equity indices though not yet decisive
Bonds
ZB trying to stabilize against 162^19 and the dominant cycle on this time frame is predicting a low. However, a case can be made for one more tiny low to have a better short term terminal pattern. Minor bias to lower while under 163^03 for a new swing low. Over 163^03 leads to further bounce to test 162^21 or 164^07.
Crude Oil
Initial drop…
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