The Week Ahead: 2021-12-12

FOMC week

Bonds

Nice drop in ZB last week that looks promising on lower time frames for a possible reversal. A drop under 160^12 invites an acceleration lower in wave ‘v of (i).’ If they don’t like the messaging from the FOMC on Wednesday afternoon, I suspect ZB begins a push lower that lasts into around March of next year. As a refresher since I haven’t mentioned…