The Day Ahead: AM Edition 2022-06-16
Equity indices under pressure after the FOMC bounce
Bonds
ZB retested the low from Tuesday briefly before recovering this morning. I’m inclined to treat this as early in a wave [IV] bounce but need over 133^18 and 134^18 for confirmation.
Crude Oil
CL bouncing today after what appears to be a five wave sequence down from the high. Bears now need to set a lower high around 119.40 or 120.…
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