The Day Ahead: AM Edition 2022-10
Another equity pop followed by waiting for earnings
Bonds
As I remarked last night, it looks like ZB needs one more low to complete an impulse down from October 4th. ZB is now bumping up against typical wave [IV] resistance at 120^23. Would be bears need under 119^22 for confirmation of wave [V] down starting.
Crude Oil
Still expect CL to firm up and eventually break over 86.30 …
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