The Day Ahead: PM Edition 2023-03-27

A relatively dull day in the S&P 500

Mar 28, 2023

∙ Paid

Bonds

ZB fell from 132^06 to 32^03 support zone to just above the daily moving averages today. Dropping down to the intraday chart, ZB is holding, for moment, at 130^13. If a low degree third wave is developing, this support should fail and ZB should continue lower to test 128^20 or 127^11.

Next step is to drop under the moving averages

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