The Day Ahead: PM Edition 2022-07-27
No shock from the FOMC
Bonds
Little movement in ZB today which I can live with as perhaps this is a topping process for wave [IV]. Bears begin to get traction if ZB drops under 141^19. The real hurdle for bears to clears is at the moving averages and 138^30.
Crude Oil
The near-term bearish hypothesis for another low in c of (a) of [ii] is still alive but unde…
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