The Day Ahead: AM Edition 2022-05-20
A bad day in equity indices but bears should be careful
Bonds
Yesterday I mentioned that it is possible that that ZB could extend while above 140^14 and indeed that has come to pass. Over 141^23 invites a push for 142^24. Just be careful as it is late in the game.
Crude Oil
Crude trapped between 111.15 and 109.40 which is practically the limit for a lower high. Bears need time under 109.40 to get a wave [III] s…
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