The Day Ahead: AM Edition 2022-06-29
Equity indices still a little soft
Bonds
The short-term pattern is not crystal clear as there are many ways for a fourth wave to develop, but since price is responding well to the dominant cycle, this could be a ‘B of (B) of [IV]’ high forming against 137^00.
Crude Oil
Crude came through with a poke up to resist today. Now need under 110.20 to feel good about a reversal…
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