The Day Ahead: PM Edition 2020-02-22

Bonds

The bounce today looked more impressive on the intraday chart this morning but is trying to hold a fib extension at 162^02 that is based on moves down from the January 28th high. It looks like there could be five waves down from aforementioned late January high. There is a Wave 59 9-5 study exhaustion signal present and the building cyclic RSI posi…

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