The Day Ahead: AM Edition 2022-05-31

Equity indices digesting the long weekend, bonds starting the (B) wave down?

May 31, 2022

∙ Paid

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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