The Day Ahead: Combined Edition 2022-07-18
A mild morning equity index retrace turns into a larger one after the Apple news
Bonds
I’m glad to see bonds under some pressure today but we need to see ZB spend time under 138^25 to feel good about (B) of [IV] or the early stages of [V] down.
Taking a look at the daily chart, we see that the low of the day was against the moving averages. Net, promising but not definitive for a lower high.
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