The Day Ahead: Combined Edition 2022-07-21
After a morning retrace, SPX pushes for the next overhead targets
Bonds
Well, ZB has now made clear whether the July 9th high was (A) of [IV] or all of [IV], electing for the former with the surge up today. That makes the move from July 9th to this morning a (B) wave and now in (C) of [IV] up. Initial overhead targets at 141^08 and 142^08.
Up on the daily chart, over 139^20 invites a push for the n…
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