The Day Ahead: AM Edition 2021-12-31

Last day of the year

Bonds

ZB pushed up against resist at 160^14 again this morning. Best for short term bears that this resist hold and bonds push down toward 158^16 for a better looking wave (III). Rising past 160^14 would have me switch over to the alternate count and treat the last low as a ‘B’ wave in a developing wave ‘(II)’.

Prefer lower in wave (III)

Crude Oil

CL fell …