The Week Ahead: 2021-06-20

Expecting some follow-through lower in the equity indices at the start of the week

Bonds

ZB had a strong week last week and is up against the lower end of a resistance cluster at 161^06 that corresponds with a descending trend line. While this would make an elegant wave iv high, I am open to extending past to 162^04 or 163^02. Net, bonds bulls need to begin to manage if long but perhaps a bit too aggressive to fade.

Late in wave iv deve…