The Day Ahead: PM Edition 2021-04-29
Initial turn lower in equity indices reversed in the afternoon
Bonds
ZB broke under the moving averages today to nearly make it to 155^24 before bouncing. I am penciling this has the first impulse down in [B] of iv and think we see lower after a small bounce. Resist at 157^08 and 157^31. The dominant cycle is drifting slightly to the right. I’m keenly interest in the forecasted low around the middle of next month as…
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