The Day Ahead: PM Edition 2022-05-24

Promising action for a higher low in S&P 500

Bonds

ZB made a brief poke past 141^25 today to just under 142^24 before falling back into the range. Both the RSI and Lomb Periodogram look ready to turn down. Bears will need under 140^12 to get (B) of [IV] down started.

(B) of [IV] due soon

Crude Oil

Another tight day in CL that was stuck between 109.45 and 111.60. CL is pushing the limits for a lower hi…