The Day Ahead: AM Edition 2022-08-12

Equity bears lose the battle mid-morning

Aug 12, 2022

∙ Paid

Bonds

ZB found support just ticks above the 139^14 target early this morning and has started to bounce. I’m penciling this in as an ugly leading diagonal (I) down and early in a wave (II) bounce. Yes, I could try a 1-2-1-2 count instead, but I don’t want to get too aggressive just yet. This will allow for a bit higher retrace in a wave (ii). Initial resi…

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