The Day Ahead: AM Edition 2022-06-10
The CPI drives equities and bonds lower
Bonds
ZB started out threatening to break up early as it tested 138^05 but slammed down on the CPI to next support at 135^04 which is the practical limit for a higher low. I think bears need to lock in profits if short and aggressive bulls can shop for a long. Over 135^29 is first proof that bulls are getting a footing from which to work from.
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.