The Day Ahead: AM Edition 2022-05-17

Equity indices trying to break higher after a morning retrace

Bonds

ZB came through with lower, but this may be enough if we are still working on (A) of [IV]. Short-term bulls need over 139^02 for confirmation that C of (A) of [IV] is in progress.

B of (A) candidate

Crude Oil

Crude is stalling between 114.90 and 116.50 but so far has not reversed. The cyclic smoothed RSI is overbought but might still get another try a…