The Day Ahead: AM Edition 2022-05-02
Gold pushing lower in a third?
Bonds
ZB starting the day soft dropping through 140^05 to test 139^03. Now they fight for a higher low in a ‘B’ wave or a new low in ‘(V) of [III]’. I’m ambivalent as to whether which nano count is playing out as I think the larger pattern is one that will allow for a more substantive corrective pattern soon. Best for the nano bullish case to hold 139^03…
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.