Bonds
ZB pushed lower again today but is trying to stabilize against 140^19 support. I’m thinking we may need to see a (IV)-(V)-[IV]-[V] type move before bonds find a more significant low. This would imply a bounce to 142^19 or 143^31 before pushing to another low to finish off wave [III].
Crude Oil
CL poked above 107.00 today …
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.