The Day Ahead: AM Edition 2022-04-08

Bonds still under pressure

Apr 08, 2022

∙ Paid

Bonds

ZB moved lower overnight to breach support at 144^02 and is resting on 143^01 as I type. I still caution against being a latecomer to the short trade as I believe we are pretty late in the formation of (V) of [III]. Near supports at 143^01 and 142^22. Notice the developing positive divergence and exhaustion signal on the Wave 59 9-5 study. That sai…

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