The Day Ahead: AM Edition 2022-08-16
Initial support holds in S&P 500 futures mid-morning
S&P 500
The initial support from the early morning chart at 4281.50 held and it has been up since. It looks like 4330 is the first target of any consequence now. Certainly, acting like a third wave with how it climbs steadily. As to what triggers any selling, I imagine it is worry over the FOMC minutes tomorrow.
Bonds
ZB tested the…
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