The Day Ahead: PM Edition 2021-08-16

After a stumble, S&P 500 makes another high

Aug 17, 2021

∙ Paid

Bonds

As previously mentioned on the intraday chart, bonds are up into deep retrace levels at the high today. If we are to set a lower high, it needs to happen relatively soon. Alternate would be moving the labels to the right such that the low on Thursday was was (IV) and there would be one more high for (V) of [C] of iv. It is a minor positive for the …

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