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The Day Ahead: PM Edition 2021-05-03

The Day Ahead: PM Edition 2021-05-03

Bears make an attempt to turn the S&P 500 but not conclusive

May 04, 2021
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Trading On The Mark
Trading On The Mark
The Day Ahead: PM Edition 2021-05-03
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Bonds

ZB probed both higher and lower today only to settle around the daily moving averages. Could this work for a lower high? Certainly, but best to see proof of a reversal like spending time under 157^08. Ideally bears keep ZB under 157^31 on Tuesday and put pressure on 157^08. First stop under 157^08 is 155^24 though expect lower over the next week or…

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