The Day Ahead: AM Edition 2022-05-05
Equity indices weak but reluctant to go all super bear just yet
Bonds
ZB dropped lower this morning in what I think to be V of (V) of [III]. Under 137^03 is a minor negative and could lead to a tap of 136^13 but I caution against being too bearish here as it is late in the development of wave [III]. If 137^03 is recovered, look for 137^28 to be tested which is the point of confirmation for the start of a wave [IV] bo…
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