The Day Ahead: AM Edition 2021-09-17

Equity indices weak again and walking across the trap door

Bonds

ZB dropped again this morning and thus now has a small five wave press down from the September 15th high. I can’t rule out the impulse extending a little but has tested initial support at 162^09. More support if needed just lower at 162^01. A relatively shallow retrace up would stall against 162^27 or 163^06.

First impulse down?

Crude Oil

Crude under …