The Day Ahead: PM Edition 2022-09-06
Equity bounce fizzles out in the afternoon
Bonds
ZB went on to test the next wave (III) target today at 132^12. I favor a wave (IV) consolidation to form over the next week or so. Over 133^17 is needed for confirmation that wave (IV) is starting.
Crude Oil
CL leaned hard on the shelf of support today. I think there is a good chance that CL drops through in an effort to push f…
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