The Day Ahead: AM Edition 2022-05-23

Equity indices extending gains from Friday afternoon

May 23, 2022

∙ Paid

Bonds

ZB soft this morning as it dropped under 140^27 raising the odds that wave (A) of [IV] is complete and we are now witnessing the early stages of (B) of [IV] down. Next support is at 139^17 which could trigger a minor bounce.

Crude Oil

Possible lower high for wave [II] here as CL is slipping away from 111.15. Bears need CL under 10…

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