The Day Ahead: PM Edition 2024-03-20

S&P 500 to a new high, Nasdaq 100 on a lower high so far

Bonds

Hmm, a doji candle on Wednesday in bonds. It did pop up to test overhead resistance at 119^20 and fell back to where it was at the open. I lean to a new low under 117^27 before a better bounce.

Prefer a minor new low on the swing

Crude Oil

The current swing high against 83.06 would make an adequate deep wave ii retrace. The alternative is to call the …