The Day Ahead: PM Edition 2021-08-17

Promising drop in the S&P 500 but not decisive

Aug 18, 2021

∙ Paid

Bonds

ZB was indecisive today as it poked into overhead resist at 165^31 and fell back under 165^10 but still holding above the moving averages. Bears need to act relatively soon and push bonds under the moving averages and 164^08.

If the lower high is to stick, bears need to act soon

Crude Oil

Crude thinking seriously about breaking lower as it pushed dow…

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