The Day Ahead: PM Edition 2023-05-08
Relatively dull day in the S&P 500
Bonds
Bonds did make some progress on moving lower today as it dropped under the daily moving averages and is testing the next decision point at 129^21. Under 129^21 should lead to a trending move toward 127^18 and likely lower, say 124^11. Dropping down to an intraday chart, it is possible that the first impulse down from wave ii is complete and due for…
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