The Day Ahead: AM Edition 2022-05-27

Equity indices stay on plan rising into today

Bonds

ZB is still being held back by 142^24 which I think is adequate for C of (A) of [IV] but we still need confirmation for a reversal, like a convincing drop under 141^14.

(A) of [IV] high?

Crude Oil

I’ve sketched in the two forms that I mentioned in my post last night for crude on the following chart. One, an aggressive sloppy five wave count that shoul…