The Day Ahead: PM Edition 2023-04-04
Equity indices under pressure through the day
Bonds
With the intraday and daily cycles pointing to a high between now and the next couple of days, I’m sticking with the minor bias to a lower high holding in ZB. Yes, they are running out of runway for a lower high as ZB is up at the 7/8ths retrace of 133^11 now. If they go on to push to a new high, say 134^16, I will slide ‘c of (iv)’ over to the new…
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