The Day Ahead: PM Edition 2021-10-18

Euro bouncing as expected, perhaps one more small correction in crude before the final high of the swing

Bonds

ZB bouncing a bit today which could mean wave (IV) is still in development. Overall want another swing low before a more meaningful bounce but may have to endure with a bounce or sideways for another few days.

Wave (IV) developing

Crude Oil

I have changed the counts on this chart to incorporate the changes made on the weekly chart last night. That mak…