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.
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…
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