The Day Ahead: PM Edition 2023-08-30

We did have a consolidation day, albeit a narrow range one

Aug 31, 2023

∙ Paid

Bonds

Very little change in ZB today as it just hugged the 121^14 resistance. The overbought RSI on the daily chart and the negative divergence on the intraday chart suggest an attempt to push lower. I prefer an eventual new low but may only get a higher low if the alternate kicks in.

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