The Day Ahead: PM Edition 2022-01-31
Equity bears hit the panic button on the last day of the month
Bonds
ZB is currently stuck pushing up against resist at 156^01 and the daily moving averages just overhead. While 156^01 could be enough for a shallow wave [II], a tap of 157^10 would be typical. Considering that the dominant cycles rise into early next week, I’m inclined to not pound the table for a complete wave [II] just yet but anyone playing the bo…
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