The Day Ahead: PM Edition 2022-11-08

A volatile but net sideways day in the equity markets

Bonds

ZB on plan rising up from what I’m calling a truncated low and rising up toward the first real resist zone between 120^18 and 121^02.

Rising up in (iv) or [ii]

Crude Oil

Nice move down in CL today as it cut through 90.75 and 89.20 and thus should confirm the start of a reversal lower in wave iii. Next shot for bears to take aim at is 85.10. The next …