The Day Ahead: PM Edition 2022-01-19
The S&P 500 is on the cusp of negating the idea of one last high
Bonds
ZB is trying to stabilize against support at 153^10. My hypothesis is that the first impulse down from the wave iv high is complete or nearly so and due for a wave [II] bounce. Sure, I expect ZB to move much lower over the next several months but am open to a bounce that corresponds to the dominant daily cycles turning up into early February.
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