The Day Ahead: AM Edition 2022-09-06
Equity indices trying to get a bounce started after a fresh low in the morning
Bonds
ZB thrust lower this morning to nearly tap the bottom of a channel. Note that the dominant cycle on this time frame is projecting a low and that the Wave 59 9-5 study is just one candle short of an exhaustion signal. We also have developing positive divergence on momentum indicators. Support at 132^14 and 131^20 which are both wave (III) targets.
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