The Day Ahead: AM Edition 2021-11-08

S&P 500 trying to make something of a lower high

Bonds

I’ve redone the count on the intraday to come in line with what I proposed on the weekly chart I posted last night. That implies this is part of a five wave impulse up from October 11th. ZB is responding to resist at 162^30 but it would look better with another high before a better retrace. Support at 162^05 for a new high later this week to comple…