The Day Ahead: PM Edition 2024-01-25

PCE Friday morning

Jan 26, 2024

∙ Paid

Bonds

Finally have an up day in ZB but still in the range of the prior day. I lean towards a bounce as a sort of glue wave that will connect the present move down move from (a) to a future move lower that completes wave (b).

Crude Oil

CL advanced today to the 50% retracement of the September high to the December low. Next typical retrac…

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