The Day Ahead: AM Edition 2022-11-08
Morning enthusiasm reversed in the early afternoon
Bonds
I think the best way to reconcile the form short-term in ZB is to treat the early morning low as a truncated fifth. This puts ZB early in at least a wave (iv) bounce, the alternate daily count, or early in wave [ii]. Both imply a bounce though the amount will be different. In the short-term, minor resistance at 119^28 but I don’t think it will be f…
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