The Day Ahead: PM Edition 2023-09-26

DX on fire

Sep 27, 2023

∙ Paid

Bonds

ZB pushed lower on Tuesday to test an intraday support at 114^15. I’m penciling that in as Vof (III) which makes the current bounce a (IV) in development. Resistance for wave (IV) at 115^28 and 116^18. One more low would be nice but I think that it is too late to trade bonds from the short side. I think traders are better off planning out what leve…

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