The Day Ahead: PM Edition 2022-07-05
Equities recover after a morning scare
Bonds
ZB fell initially to test support at 138^03 but staged a recovery to retest the overhead resist zone of 141^05 to 141^19. I still think this zone is a good candidate for the price extreme of a wave [IV] but the faster of the two dominant cycles implies that it might hold up for a few days. We have plenty of econ news the rest of the week and FOMC m…
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