The Day Ahead: Combined Edition 2022-10-26

Bonds advance, equities up in the morning but soft in the afternoon

Bonds

Bonds pushed past 120^18 and 120^23 which is a minor negative for the bearish case of a developing small degree wave four. A new low is preferred to achieve a clean five waves down from the October 4th high. On each chart, the daily and 240 minute chart, I have used two different retrace families that help define targets for a wave four. The daily …