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The Day Ahead: PM Edition 2022-05-16

The Day Ahead: PM Edition 2022-05-16

Equity indices attempt to hold but have yet to beat key resist

May 17, 2022
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Trading On The Mark
Trading On The Mark
The Day Ahead: PM Edition 2022-05-16
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Bonds

ZB looks like it needs to push lower in some degree of ‘b’ wave. Expect a higher low to form though not strictly required.

Expect lower to form a higher low

Crude Oil

Crude advanced today to next overhead resist at 114.93. There is some minor negative divergence on the RSI and just one day short of the next cycle inflection. I’m assuming a cycle high …

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