The Day Ahead: AM Edition 2022-05-31
Equity indices digesting the long weekend, bonds starting the (B) wave down?
Bonds
Nice move down this morning in ZB in what looks to be the first wave of (B) of [IV]. Minor support at 138^27 but have a bias to a bit lower to test 138^04 prior to a better bounce.
Crude Oil
For now, I’m sticking with the b wave idea as opposed to moving [i] over to this high. That said, bears don’t have much to work with till …
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