The Day Ahead: PM Edition 2022-05-03

FOMC Eve

May 04, 2022

∙ Paid

Bonds

Bonds held 139^11 and tried to bounce today but would be easy enough to spike down after the FOMC meeting tomorrow to retest 138^11 or push to a minor new low around 137^18 to complete wave [III]. 136^13 would make a pleasing to the eye target as it is near the channel harmonic.

A minor new low would be nice but not a sure thing.

Crude Oil

It is certa…

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.