The Day Ahead: AM Edition 2021-11-17
Not clear if equity indices are turning down just yet. Crude weak.
Bonds
ZB is trying to stabilize against support at 159^29. I think there is a reasonable chance that the first impulse down is complete and now in the early stages of a wave [II] bounce. Bulls have work to do but the dominant cycle should help the bounce over the next several days. Initial bounce targets at 160^24 and 161^09.
Cr…
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