The Day Ahead: AM Edition 2022-09-23

European session weakness leaks into the US session

Bonds

ZB spiked under 128^00 this morning before recovering it and more. I think this is a good-looking candidate for either (III) of [V] of v of (i) or all of (i). Now we see how much they can bounce in a possible wave (IV). Under the primary count, the hypothesis is ZB forms a choppy consolidation, a fourth wave, prior to a retest or new low near the n…