The Day Ahead: PM Edition 2023-07-10

Equity indices trying to stabilize and bounce

Jul 11, 2023

∙ Paid

Bonds

ZB poked lower today to test the low from early March before bouncing up. I can make a case for a minor new low in this swing to complete wave [V] of iii while under 124^24 but I’m not confident that lower is required. I think anyone trading bonds short should be lowering stops and be prepared for another consolidation. If wave iii is complete, ove…

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